Sridhar Vembu, the founder of Zoho Corporation, has made it clear where he stands when it comes to storing long-term value and it’s not in cryptocurrency. In a recent post on social media platform X (formerly Twitter), Vembu shared that he trusts gold over crypto as a more reliable and time-tested asset.
His opinion comes at a time when debates around digital currencies and traditional assets like gold continue to grow, especially with rising inflation and global economic uncertainty.
Gold a Trusted Store of Value?
Sridhar Vembu explained that he has always seen gold as a safe asset, especially during periods when currencies lose their value. He referred to gold as a form of “insurance against currency debasement”, that means when paper money becomes less valuable due to inflation or bad monetary policies.
He also mentioned that gold has performed better than many other long-term investments, such as government bonds or treasury bills. According to him, gold holds its purchasing power over time, even in unstable economic conditions.
Why He Avoids Crypto?
While many tech leaders have embraced cryptocurrency, Sridhar Vembu remains cautious. He stated openly that he has never been interested in digital assets like Bitcoin. His main concern is that cryptocurrencies are too unpredictable and rely heavily on complex software systems and speculative value.
In one of his posts, he remarked that money is too important to be left to central banks or software engineers. This was a subtle critique of both traditional financial systems and the creators of cryptocurrencies.
India’s Traditional Faith in Gold!
Sridhar Vembu’s views are also similar with to a long-standing Indian mindset. In Indian culture, gold is not just a financial asset but a symbol of security and wealth. Families often buy and hold gold as savings, especially during uncertain times.
With global gold prices reaching new highs, more people are turning back to gold as a dependable option. Sridhar Vembu’s endorsement only reinforces this traditional preference.
At a time when Fintech technologies are reshaping the financial world, Sridhar Vembu’s faith in gold shows a conservative but grounded approach.
While many are chasing digital trends, he continues to believe in assets with a proven track record. His message is simple: in an uncertain world, real value still lies in something you can hold.