We agree it’s a good trade, which is a better word than bet. I truly think the USD is being debased. Someday inflation will hit, however that doesn’t automatically mean Bitcoin will go up. IMHO it will. But we don’t give investment advice. Do your own research, right?I don’t need this kind of pressure sir!
Back 15-20 years ago, operators of 8-liner slot machines would often get away with semi-legal gambling by using Wal-Mart gift cards as redeemable prizes instead of cash. I don't think the AG like it much at all. The point is that Wal-Mart gift cards operated as a sort of currency.
Since post halving only 900 BTC per day are created GBTC and other institutional investors (Fidelity) are buying up most if not all the BTC. Square buys a lot too. The exchanges Coinbase, Kraken, Gemini, Houbi, Binance are doing the same. The demand for Gold, Silver, BTC is for a Hedge against inflation & centralised monetary policy. The demand for stocks is Fed Liquidity, and for Real Estate it’s low interest rates. Stocks are only up if your talking Nasdaq, the rest are flat. In October maybe sooner stocks will crash as these stimulus payments slow down, maybe that effects real estate in 21’. The other three will rise up after getting pulled down by stocks. Hedges are going to end up the only way to a good return!
I don’t follow it closely any more. It originally aspired to be a “world computer” but it turns out the tech wouldn’t scale (the founders said this from the beginning), and then it was the platform for the 2017 ICO (shitcoin) boom, then they were claiming the native token (ETH) was money, and I don’t know what they are doing now.
I think it’s Bitcoin. I swallowed the red pill.
Argentina, Lebanon
I have a serious question too. I think a bubble is building too, but what you're suggesting is a strong inverse relationship to the markets vs BTC, Gold, etc. However, if I transpose a 3 year graph of BTC and Gold vs the Dow I see a very strong positive correlation, especially when the markets crashed in March. There's even a stronger correlation to the Nasdaq. Logic would indicate there should be a negative correlation, but that's not what's happening. When the markets crash again, what makes you so sure BTC and Gold won't crash along with it?
Because the others are not "exactly like bitcoin" - it is just a copy of the code with possibly some different rules (eg, number of coins, block size)
BTC and Gold can get coorelated to Nasdaq, S&P but that is not long term. Long Term they are NOT correlated. How can you see a strong correlation between DJIA and BTC? That’s not accurate. BTC returns are 62,500% over the last decade. If your just talking the March crash it is accurate. Not sure of your time frame. You must understand Global Macro Fundrmentals. See Real Vision. Follow Raul Pal, Caitlin Long, Anthony Pompliano on Twitter.
So if I had the same number of coins and the same block size, I have the exact same product with a smaller market share. I can increase that market share by having a price 1/1000th of Bitcoin.
