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Ruchir Sharma

All articles tagged with #ruchir sharma

finance1 year ago

U.S. Market Bubble Drains Global Capital, Experts Warn

Ruchir Sharma, chair of Rockefeller International, warns of a massive financial bubble as U.S. markets dominate global investment, drawing unprecedented foreign capital and overshadowing other economies. U.S. companies now make up 70% of the leading global stock index, despite the U.S. economy only accounting for 27% of global GDP. This dominance is causing a 'sucking' effect, pulling money away from other markets and potentially destabilizing them. Sharma's concerns echo those of other experts, highlighting the risks of overvaluation and overhype in U.S. markets.

cryptocurrency1 year ago

Bitcoin's Resilience: Defying Critics and Gaining Elite Acceptance

The Financial Times, known for its criticism of cryptocurrencies, has acknowledged Bitcoin's potential as a long-term investment, signaling a shift in elite attitudes towards crypto. Despite reservations, influential figures like former President Donald Trump and investment strategist Ruchir Sharma are recognizing Bitcoin's staying power. The successful launch of spot bitcoin exchange-traded funds in the U.S. and a dwindling number of industry critics are contributing to this shift. While some remain skeptical, the growing acceptance of Bitcoin among elites may lead to a broader appreciation of blockchain technology and a destigmatization of crypto.