GAM's Hawtin favours finite currencies

Kathleen Gallagher
clock • 2 min read

In the middle of last year, Mark Hawtin, manager of the top-performing $853.7m GAM Star Disruptive Growth fund, changed his mind about the future relevance of digital currency.

"I think it became clear to me that all this money printing was just a very clear reminder that fiat currencies are not a finite resource," he explained. "And we do not, as individuals, have any way to control how much of those currencies is in circulation." Hawtin's concern is that given people have no control over the level of money printed, they have no control over the value of that money.  As a result, he thinks there is an important place for a finite currency and that it be digital.  "At least with bitcoin, you know there can never be more than 21 million bitcoins and that i...

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