A $7 billion firm recently advised that land and cryptocurrency are two assets that can combat currency debasement. In addition, the contrarian investment company is telling investors that crypto assets will help them more to face the growing economic challenges worldwide. During a discussion, the co-founder of Horizon Kinetics, Peter Doyle, stated that the global pandemic and the high debts looming above different economies would bring an “Inflection point” for the global economy. According to Doyle, there is no other option to handle these issues except currency debasement or default. Related Reading | Vitalik Buterin Urges Ethereum To Grow Beyond DApps In 2016, the investment firm allocated 1% into the “Grayscale’s Bitcoin Trust.” Now, that 1% investment is now accounting for 10% of its portfolio. As a result, Doyle believes that people should have access to this asset class. He mentioned that Bitcoin had capped its supply given the concerns about currency debasement. He also stated that knowledgeable long-term investors usually focus on concentrated portfolios & low turnover in their holdings because they allow the companies to grow to compound returns. Horizon Kinetics Investments And Cryptocurrency Endorsement Morningstar reports that Horizon Kinetics is the third amongst the top ten best performing mutual funds in 2021. Also, the company has amassed and benefitted a lot from a large number of long-t...