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Buy It All
In the humorously titled "MAGAFOMOTINA," I noted that US equities have surpassed $400 billion of inf
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Cryptos are interesting. BTC launched as a currency but is acting more like hyper volatile gold (store of value).
Little volume as a currency (it’s proposed use case) but explosive ETF/store of value (not part of initial plan). Also admittedly speculation.
I enjoyed your Nov 18th quote “ and my view on gold has never changed: It’s not good for much, but it can be an uncorrelated portfolio hedge. Further, whether it should be a store of value (i.e., an inflation hedge) is irrelevant if everyone thinks it is” resonates with BTC to me. With BTC increasingly being viewed as a volatile yet long term play against inflation.
Tulips? Maybe. Although the approval of ETFs for BTC and the possibility of more than 2 countries buying makes one curious about the future.
“If everyone one thinks it is…”
Love your work.