My bulletproof technique to increase wealth via Bitcoin and Gold
Original Post: https://steempeak.com/bitcoin/@aotearoa/my-bulletproof-technique-to-increase-wealth-via-bitcoin-and-gold
Good Morning Steemians, how's it going?
Image Source: conspiracydailyupdate.com
In today's post I am going to talk about a technique that I believe is a valid one in order to increase wealth through a portfolio diversification.
As some of my followers know, I am an economist, and I've been studying a lot cryptocurrencies, the market itself and other assets, to be able to build up the best (and most effective) portfolio possible.
Today I was watching some videos about gold and Bitcoin, and I decided to write this post about those two assets.
Well...both Bitcoin and gold are known as a store of value. This happens because of their scarcity. Fiat currencies only have their face value accredited, because people still think that physical money has value, as well as most governments force people to accept it as means of payment.
My opinion is: people are losing faith in fiats, because of the quantitative easing process, which is the combination of lowering interest rates by the central banks around the world, as well as the infinite capacity of printing new money out of thin air.
So... because of this mechanism, I believe we'll soon face another economic crash and fiat currencies will be worthless.
Is there a way to protect our wealth in this case?
The answer (in my opinion) is a big and fat YES!!
We can call up on to Bitcoin and physical gold (btw I believe Bitcoin is better than gold). Both are ways to protect wealth because of their finite supply (nature cannot produce more gold than Planet Earth already has, and Bitcoins have a maximum supply (and its production rate is controlled by the halving processes)).
So the smartest move in my opinion is to acquire Bitcoin (through mining, trading or even arbitrage process), and slowly move a part of the profits into physical gold.
Some of you might ask me: well, ok... it makes sense, but how are we able to purchase gold?
There are many ways to purchase and store gold. The most common one is via fiat currencies. But nowadays there's also the option of buying gold directly with Bitcoins (and also pay for the gold bars custody as well).
Regarding Bitcoin price forecasts, there's a video I'm leaving below, where analysts try to make accurate forecasts, backed up by political events.
Please watch both videos below:
How to buy Gold with Bitcoins:
Video Source: GoldSilver (w/Mike Maloney) Channel
Bitcoin price forecasts (broadcasted on many American TV shows):
Video Source: Mineable Channel
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Nice post Mike Maloney is the guy to know about gold and Fiat is a ticking bomb ready to explode, they just can't stop printing more and more.
Also gold is starting to breakout above 1400$ which is an important point of resistance on monthly.
Boa @aotearoa!
Gosto desse nome: BulletProof :D Inclusive do café com óleo de coco e manteiga.
Quanto ao ouro... uma das poucas coisas de real valor, não é? Apesar de que não conseguimos comer nem respirar ouro num caso de "seca global".
Brother, lembre de usar a tag #steemleo nos seus posts sobre INVESTIMENTO porque ptgram também faz stake de LEO e você recebe bons votos do público que lê em inglês, se gostarem do conteúdo.
Abraço!
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Quanto mais blindado conseguirmos ficar melhor... obrigado pelo voto e pelo comentário @casberp!
Sobrevivencialismo na veia, haha.
Obrigado pelas aulas e conselhos! Tem me ajudado muito. Sucesso!!
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