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RE: "Every portfolio should have a 4% allocation to Bitcoin (at least)"
Wait until the fiat currencies they hold start to devalue due to the debt bubble! Then we will see the flock towards store of value like bitcoin!
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What is going to cause that debt bubble to collapse? With the dollar being the world's reserve currency and the fact that the US has given money to so many countries, part of me doesn't think the debt bubble is really as big of a deal as people make it out to be. They may just wipe the slate at some point and tell everyone else to deal with it.
I think when the growing economic population start to have more buying power and realize how it will be manipulated based on a currency not in their control. The likes of China, India and Brazil are key examples that could set the tone to pressure the debt by no longer buying it or even selling it for other assets.
Posted using Partiko iOS
Yeah. Thats when Bitcoin will exit the bear market into full bull market. :)
If that is what we are waiting on, it's going to be a long wait...