Crypto vs stocks: legendary investor Peter Lynch takes a side

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  • Peter Lynch reveals he doesn’t own any cryptocurrencies.
  • He sticks to his ‘buy what you know’ investment strategy.
  • Lynch regrets not investing in Apple and Nvidia in recent years.

Bitcoin It has massively outperformed since the beginning of the year, but veteran investor Peter Lynch prefers the latter.

Lynch has no crypto

The vice chairman of Fidelity Management and Research confirmed on Tuesday that he is not exposed to cryptocurrencies.

Interestingly, Lynch is familiar with the technology that powers the crypto space. Still, he said on CNBC’s “Todaysquawk box,

I understand blockchain. I know how it works. But what’s going to happen with bitcoin, I don’t know. I don’t have any bitcoin or ether coin.

Lynch is staying away from BTC even though he knows its total supply will be cut half Next year – an event that usually translates into a higher price.

Lynch is sticking to ‘buy what you know’

Bitcoin has now slipped back to the $27,000 level, but remains above key support, indicating that bullish sentiment remains.

But for years, Fidelity’s Peter Lynch has recommended that investors “buy what they know” — and for him, that means stocks. Explaining how to choose stocks and when to exit them, he said:

View the company’s balance sheet. What is the reason for the high stock? When companies go from crappy to semi-crappy to great, the stock goes up. When business gets too good, get out.

Lynch expressed regret today for not investing in several large-cap tech companies, particularly Apple Inc. and Nvidia Corporation, in recent years.

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