JPMorgan strategist gave advice to investors amid the crisis in the cryptocurrency industry

David Kelly, a leading strategist at JPMorgan, one of the leaders in the U.S. banking sector, addressed his advice to investors amid the protracted crisis in the cryptocurrency markets. The main task of depositors, he believes, is to evaluate their actions as much as possible and protect existing assets, refusing to make short-term investments.

According to Kelly, the best strategy in today's environment would be to invest in stocks, long-term bonds and similar assets. Despite low returns, they will be able to reliably protect your investments. At the same time, money should be withdrawn from digital currencies and securities of technological giants, the strategist added.

Specialist of JPMorgan believes that the negative situation in the markets will improve next year, but he hastened to add that one should not hurry with accurate predictions. The reason is unpredictable behavior of the U.S. regulator (Fed).

Kelly concluded that the U.S. economy will continue to face problems until the U.S. regulator stops doing everything possible to curb inflation. The Federal Reserve is overestimating the strength and stability of the U.S. economy, the strategist concluded.
Interview

31-08-2022

Godfrey Johnston

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