Crypto CEO Urges Savers to Own More Gold than Bitcoin

Both bitcoin (BTC) and gold will benefit massively from the current “inflation of money,” the CEO of a major crypto company predicts, while also admitting that he believes people should still own more gold than bitcoin.

The advice to savers worried about the unprecedented money printing in the wake of the COVID-19 panic in financial markets was made by Alex Mashinsky, CEO of crypto lender Celsius Network, in a recent interview with Kitco News.

According to Mashinsky, there are “consequences” to what central banks – and in particular the US Federal Reserve – has done in the wake of the crisis with regards to money printing:

“You don’t just print 3 or 4 trillion dollars and nothing happens,” he said, adding that the reported consumer price index (CPI) figures in the US “does not include inflation of money.” As a result, we now have “tremendous inflation of money that is hidden from us,”…