Legendary investor Peter Lynch is familiar with the technology behind the cryptocurrency space but prefers to in invest into stocks. On Tuesday, Lynch had a conversation with CNBC’s “Squawk Box” to emphasize his preference and why he prefers stocks over crypto assets.

Lynch is well known for his strategies for advisement for investors and strongly recommends to “buy what they know”. His strategies have enabled successful investment into companies such as Apple Inc and Nvidia Corporation. By having a firmer understanding of the company, their balance sheets and the potential growth stocks can be easily monitored from “crappy to semi-crappy to good”. When businesses start getting “terrific”, Lynch suggests investors to pull out and about.

Bitcoin prices have recently dropped back to the $27,000 level in spite of the fact that the supply of Bitcoin will be reduce in half next year. Having such knowledge, Lynch still prefers to stick to stocks rather than investing in cryptocurrencies. Bitcoin has outperformed equities since the start of this year, drawing the attention of many investors, however the experienced investor is still not giving any value to crypto assets.

Lynch also expresses regrets in not investing in large-cap tech companies such as Apple and Nvidia. Fidelity’s Peter Lynch has displayed successful investment strategies during his years of experience as an investor and though he understands the fundamentals of blockchain technology that supports cryptocurrency assets, he still prefers investing into stocks rather than taking a risk with crypto assets.



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