{"id":15302,"date":"2021-12-15T00:54:31","date_gmt":"2021-12-15T00:54:31","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/investment-adviser-bernstein-sees-crypto-as-a-monster-bubble-warns-markets-could-drop-90\/"},"modified":"2021-12-15T00:54:31","modified_gmt":"2021-12-15T00:54:31","slug":"investment-adviser-bernstein-sees-crypto-as-a-monster-bubble-warns-markets-could-drop-90","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/investment-adviser-bernstein-sees-crypto-as-a-monster-bubble-warns-markets-could-drop-90\/","title":{"rendered":"Investment Adviser Bernstein Sees Crypto as a \u2018Monster\u2019 Bubble \u2014 Warns Markets Could Drop 90%"},"content":{"rendered":"

The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from \u201cbubble assets,\u201d which include cryptocurrencies.<\/strong><\/p>\n

Investment Adviser Sees Cryptos as the Biggest Financial Bubble in History<\/h2>\n

Richard Bernstein, CEO of Richard Bernstein Advisors (RBA), shared his view on where the crypto market is heading and how investors should approach 2022 in an interview with CNBC Friday.<\/p>\n

Bernstein is also the founder and chief investment officer of RBA, an independent registered investment manager. He has over 39 years of experience on Wall Street. RBA manages equity and asset allocation of portfolios at several of the world\u2019s leading broker-dealer firms, such as Merrill Lynch, Morgan Stanley, Ameriprise, UBS, and Envestnet. The firm also manages assets on behalf of several large institutional investors.<\/p>\n

The CEO was asked what assets investors should be avoiding and how they should enter 2022. He explained that \u201cthe way to think about the markets is to think about it as a seesaw,\u201d adding:<\/p>\n

On one side, we have all that I would call the bubble assets: tech, innovations, disruptions, cryptocurrencies \u2014 that whole group. And on the other side of the seesaw, you have literally everything else in the world.<\/p>\n

\u201cLooking at 2022 into 2023, you want to be in the \u2018everything else in the world\u2019 side of that seesaw because that\u2019s where the opportunity is. That\u2019s where there\u2019s scarcity of capital and when we have scarcity of capital that\u2019s where your returns are higher,\u201d the investment adviser described.<\/p>\n

Regarding bubbles, Bernstein was asked where the biggest risks are. He replied:<\/p>\n

I think cryptos are the biggest financial bubble ever in history. I think this is just a monster one.<\/p>\n

Bernstein speculates that cryptocurrencies could fall as much as 90% just like some tech stocks during the 2000 bubble. \u201cOnce again one has to look at history. In the tech bubble, people said the exact same thing when tech stocks were down 30%, 35%, 40% \u2014 except that was only the halfway point. They went down about 75%, 80%, 85%, 90%.\u201d<\/p>\n

The founder of Richard Bernstein Advisors concluded: \u201cI think one wants to wait to look at the true fundamentals and look at the valuations before deciding that this is all over.\u201d<\/p>\n

What do you think about Bernstein\u2019s advice? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, biggest bubble in history, bitcoin bubble, crypto bubble, cryptocurrency bubble, financial adviser, financial advisor, financial bubble, investment adviser, monster bubble, richard bernstein<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from \u201cbubble assets,\u201d which include cryptocurrencies. Investment Adviser Sees Cryptos as the Biggest Financial Bubble in History Richard Bernstein, CEO of Richard Bernstein Advisors (RBA), shared his view on where…<\/p>\n","protected":false},"author":0,"featured_media":15303,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15302"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15302"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15303"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}