Investment consultant Bernstein sees Krypto as a Monster bubble-warns that the markets could fall by 90 %-

The CEO of the investment company Richard Bernstein Advisors warns that cryptocurrencies are the greatest financial bubble in history. He advises investors to keep away from "Bubble Assets", which also include cryptocurrencies.

investment advisor sees cryptos as the greatest financial bubble in history

Richard Bernstein, CEO by Richard Bernstein Advisors (RBA), in an interview with CNBC on Friday shared his views of where the cryptomarkt is going and how investors should approach in 2022.

Bernstein is also the founder and Chief Investment Officer from RBA, an independent registered investment manager. He has over 39 years of experience on Wall Street. The RBA manages the stock and wealth allocation of portfolios with several of the world's leading broker dealer companies such as Merrill Lynch, Morgan Stanley, Ameriprise, UBS and Envestnet. The company also manages assets on behalf of several large institutional investors.

The CEO was asked which assets should avoid investors and how they should start in 2022. He explained that "the way to think about the markets is to look at them like a seesaw", and added:

On the one hand, we have everything I would call Bubble-Assets: technology, innovations, disorders, cryptocurrencies-this whole group. And on the other side of the seesaw, they literally have everything else in the world.

"If you look from 2022 to 2023, you want to be on the side of the 'everything else in the world' competition, because there is the chance.

In terms of bubbles, amber was asked where the greatest risks are. He replied:

I think cryptos are the greatest financial bubble of all time. I think that's just a monster.

Bernstein speculates that cryptocurrencies like some tech shares could fall by up to 90% during the bladder in 2000. "Once again you have to look at the story. In the tech bubble, people said exactly the same thing when the tech shares had fallen by 30 %, 35 %, 40 %-except that this was only half. They went by 75 %, 85 %, 90 %."

The founder of Richard Bernstein Advisor Castle: "I think you want to wait to look at the real fundamental data and the reviews before deciding that this is all over."

What do you think of Bernstein's advice? Let us know in the comment area below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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