The famous hedge fund manager, John Paulson, has come out against cryptocurrencies in a recent interview with Bloomberg, touting the market as a “limited supply of nothing” and a “bubble” that’s certain to hit zero soon.
Despite knocking crypto, Paulson is positive about the future outlook of gold markets. This comes as his fund continues to be patient with gold investments despite periods of decline over the last decade.
As rising inflation becomes a certainty post-pandemic, we expect to see a similar increase in the value of gold. Gold historically “does very well in times of inflation” which makes now a crucial turning point for gold bulls — act now and don’t miss your opportunity to buy.