Originally Posted by Montecfo
Not sure at all how bitcoin enters the discussion since it bears no interest and has no intrinsic value.
US bonds are treasury reserve assets and so is (IMO) bitcoin
. I believe that unlike equities they both represent cash (USD) equivalent except that one is backed by the economic and military power of the (US) government and the other by the credibility of its monetary properties
I don't think that there's a need to argue about it as long as our portfolios are sufficiently diversified so cash, equities, bonds, real estate, precious metals, some other alternative investments (I own teak in Panama for example) and yes, bitcoin are all part of it. I believe in BTC and am curious about its future. My faith in US government however and especially its print-its-way-out-of-every-crisis monetary policy, took a serious hit this year.