I know bitcoin and gold are selling off right now and may go further but with Powell today, it tells you they have no desire to raise rates and a skewed desire to print more. That plays to the inherent upside skew in both assets.
I think they both rise over time in inflation 1/
I think they both rise over time in inflation 1/
2/ or deflation. Most people don't understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets - Gold and Bitcoin. Powell WANTS inflation.
I don't think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.
Overall, I think #Bitcoin outperforms gold. Gold can go up 2x or 3x or even 5x while bitcoin can go up 50x or even 100x.
Overall, I think #Bitcoin outperforms gold. Gold can go up 2x or 3x or even 5x while bitcoin can go up 50x or even 100x.
Gold has maybe 25% downside and Bitcoin 50%, so risk adjusted $BTC kills it.
However, I own both but a LOT more BTC (and some ETH).
Over time, all will rise again. I'm buying more BTC and ETH as the price falls and my gold is in a vault not to be touched...
However, I own both but a LOT more BTC (and some ETH).
Over time, all will rise again. I'm buying more BTC and ETH as the price falls and my gold is in a vault not to be touched...
The scenario that this doesn't work is a persistent 1.5% growth and 1.5% inflation. That is not the sweet spot for Gold or Bitcoin...that is the death of the dollar and EM outperformance. That is a trade for another day.
Meanwhile, HODL, DCA and Stack Sats.
Meanwhile, HODL, DCA and Stack Sats.
