Contrarian investment business firm Horizon Kinetics is advising investors to seek exposure to crypto assets amid mounting global economical challenges.

Speaking to the Fiscal Times, Horizon co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection indicate for the earth economy, predicting:

"There is no turning back after the pandemic and globally there is a debt problem and it means either default or currency debasement."

Horizon'southward Paradigm fund fabricated a 1% allotment into Grayscale's Bitcoin Trust in 2022, with the investment at present representing x% of the fund's portfolio.

"People should have exposure to the asset class," asserted Doyle, emphasizing Bitcoin'south capped supply amid concerns regarding currency debasement.

"The best long-term investors tend to accept concentrated portfolios and low turnover in holdings every bit they let the companies they own grow and compound returns," he added.

Horizon Kinetics currently boasts three of the top-ten performing common funds of 2022 so far, co-ordinate to Morningstar.

In improver to its crypto allocation, the business firm's top-performing funds have benefited from long-term investments in land owners and real estate developers across Due north America, including Texas Pacific Land, Dream Unlimited and Brookfield Asset Management.

Related: Is Bitcoin a Store of Value? Experts on BTC as Digital Gold

Earlier this calendar month, European blockchain firm Guardtime published findings that the coronavirus pandemic has spurred governments to expedite exploration into central bank digital currencies (CBDC).

Predicting that a CBDC could be launched inside 3 years, the firm'southward research establish that "non only has Coronavirus accelerated the digitization of society, it has also further transformed how we apply money."