Don’t Buy Bitcoin, Warns Wealth Executive as Lebanon Opts for BTC Over Fiat

Bitcoin (BTC) is not a recommended investment for young investors following the coronavirus crash, according to Peter Mallouk, the president and chief investment officer at Creative Planning, a wealth management firm. He previously stated that the leading cryptocurrency is on an “inevitable death spiral.”

In an interview with CNBC on May 21, Mallouk expressed that stocks and bonds present better investment opportunities than Bitcoin and gold.