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RE: If higher inflationary environment Crypto is exactly where you need to be. Let me explain.
Good advice. I think crypto and precious metals have huge upside and not a whole lot of downside. Especially when you compare it with the Fiat dollar. Great post
I think Bitcoin is hurting gold and other assets.
I agree. There is only so much wealth in the world and cryptos are taking a bigger and bigger portion of the pie.
There is also a lot of money that is simply disappearing due to valuation models being changed. Stocks are being evaluated differently which is driving prices down.... well deserved too as their values were inflated based on forecasts of potential profit margins following tax reform.
People are starting to question how much longer the US economy can follow this cycle of print, borrow, spend. Tax cuts were a joke. Simply robbed any ability to repay debts.
Gold and Silver require a safe place to store them. Cryptos on the other hand... they are versatile, new, and easy to trade peer to peer, outside the grasp of government.
I disagree with some of your premise. The government can pay a billion dollars for people to not work and do nothing but drugs and party or we could pay a billion dollars to give homes to 10,000 to 100,000 homeless people so wealth can be created or destroyed.
I think wasteful government spending has caused us to run out of money for the bond market and the stock market so bond prices have to go up and stocks must come down until we get more QE.
Unfortunately I think deficit spending can go forever but eventually our USA currency will be practically worthless.
I like gold and silver. I consider gold and silver cryptos and cash to all be somewhat fiat. Sure gold and silver and tangible but people could decide they don't want to buy them. Right now I am most bullish on bitcoin and bearish on most other assets other than ones like cheap used cars and cheap houses and essential supplies like food and beverages.