don’t we all. I’ve got those, too. But as a hedge against this and that, i also hold the only asset class i know that is non-correlated and a proven safe harbor and can’t be depreciated or confiscated by the government.
Despite all the trash talk, it's also become something like the 13th most widely held currency in the world. It's the 5th most widely held asset by us millennials.
I study money. I teach money at a major university. Tulips or (what did that other guy say?) “beanie babies” never became money. I don't use btc as money, because i hodl it. But others do.
My bottom line — i don’t care whether or not you buy btc. I don’t try to persuade civilians to do anything whatsoever about digital assets. I am just reporting facts that are mighty inconvenient for no-coiners who spouted the "fraud, scam, fad" narrative.
Fact: A one percent btc allocation in a 99% treasury portfolio beat an all-s&p 500 portfolio over the first and last decade. Hmm. Maybe that's why so many institutional investors are adding it to their portfolios. They see btc as cheap portfolio insurance against systemic collapse, and it has the other positive features noted above.
Well, that's enough from me here for a year or so. Back to work now. Many happy returns.
