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The Blueprint Capital CEO Jacob Walthour told CNBC’s “Squawk Box” that ignoring crypto as an asset class “would be a mistake”
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Major companies, the likes of Starbucks, PayPal, and AT&T accept crypto as a form of payment
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He notes that 14% of American adults already hold cryptocurrencies, with more to consider crypto if the US equity market stalls while cryptocurrencies soar.
The CEO of Blueprint Capital Advisors, a US-based asset management and alternative investment firm, Jacob Walthour, says cryptocurrency’s place as a financial innovation is a great plus to the sector.
Speaking to CNBC’s “Squawk Box” host Joe Kernen on Wednesday, Walthour said that crypto’s growth over the last five years has been huge, despite its Wild West outlook at the time.
According to the investment manager, crypto provides an opportunity for investors, noting that his view of the market is “very constructive” and not informed by the fear of missing out, or FOMO as it is popularly known.
He suggests that the best way of looking at crypto is to consider where and how it all started. He points to Bitcoin’s launch almost 12 years ago and says its growth over this period has been immense.
The Blueprint Capital CEO says that at the moment, there are over 200 exchange platforms that support Bitcoin and that over 14% of American adults own cryptocurrencies.
From cash to check, card and e-payments to crypto
Walthour’s bullish outlook for cryptocurrencies also traces just how far the financial system has changed with innovation after innovation. He says that the world has ideas on how to pay for things developed from cash, to check, then credit and debit cards and e-wallets. Crypto is the
