The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios.
George Ball Advocates for Crypto as Hedge Against Currency Debasement
George Ball talked about bitcoin and other cryptocurrencies in an interview with Yahoo Finance last week. He described two main reasons why cryptocurrencies are now ideal targets for investment by wealthy individuals and institutional investors.
Ball is currently the chairman of investment firm Sanders Morris Harris, a dually registered broker dealer and RIA firm established in 1987. Its parent company, Tectonic Financial, has approximately $4 billion in client assets under management. He was a former CEO of Bache & Co. (later Prudential Securities), which had been purchased by Prudential Insurance Company of America where he served as a member of the Executive Office.
He argued that cr

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