Скачать или смотреть Exclusive Insights From Ruchir Sharma: The Next Big Moves In Crypto, China, And More

#Businessnews #ruchirsharma #crypto #china #donaldtrump #uselection2024
Investor and author Ruchir Sharma, in an exclusive interview with Business Today’s Executive Director Rahul Kanwal, shared insights into pressing global economic trends, China’s financial challenges, billionaire support for Donald Trump, and the resilience of cryptocurrencies. On China, Sharma predicted that while ongoing stimulus efforts might provide temporary stability, they won’t resolve the country's severe economic issues. He noted that China faces a compounded crisis with a heavy debt burden, a struggling real estate sector, and a rapidly aging population that will reduce the workforce by 6–7 million annually, likely capping its growth at around 2.5% per year over the next decade. Sharma also offered a candid perspective on why Trump continues to attract support from financial elites, despite his unpredictable persona. He quoted a well-known investment banker saying, "I would rather vote for a crazy capitalist than an organized socialist,” which he believes reflects the pro-capitalist sentiment among influential billionaires. Sharma added that Elon Musk embodies the appeal of Trump’s unconventionality to America’s high-profile investors. When discussing the rise of cryptocurrencies, Sharma explained why he believes they’re becoming a mainstay in global asset portfolios. He highlighted that, amid currency instability and economic uncertainty, many investors see both Bitcoin and gold as viable alternatives to the US dollar. He affirmed, "Crypto is here to stay,” noting that while there’s speculative hype around prices, crypto has now solidified its position as a reliable asset class alongside gold. Listen in to know more.
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