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Old 11-12-2020, 07:50 AM   #41
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Originally Posted by Montecfo View Post
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.
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Old 11-12-2020, 09:22 AM   #42
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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 .
Do you have a source that shows Bitcoin or bonds as part of US Reserves? As far as I know US Treasury reserves include neither bitcoin nor US bonds. See here https://www.federalreserve.gov/data/...mm/current.htm
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Old 11-12-2020, 09:29 AM   #43
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Do you have a source that shows Bitcoin or bonds as part of US Reserves? As far as I know US Treasury reserves include neither bitcoin nor US bonds. See here https://www.federalreserve.gov/data/...mm/current.htm
I meant my personal treasury reserves, lol.
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Old 11-12-2020, 09:40 AM   #44
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I meant my personal treasury reserves, lol.
Got it.
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