re: Bitcoin...LOL

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Bro, BTC has been around for 13 years and made it all this way with no FED or outside monetary policy.

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So, it went public when the 2009 bull market run started? And the fact that there hasn't been any regulation YET is not the selling point you think it is.

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Remember when it was a hedge against inflation

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did it outperform inflation?

if so then it's an inflation hedge

this is like preschool math

Check back in in a few months

Good point. Most buyers were smart like you and got in when it was less than a few hundred dollars per coin.

sure but you could buy today at $38.5k and as long as it outperforms inflation for the year, its still a better hold then cash.

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If you’re sitting in February of 2021 and you believe inflation is about to be much more persistent and sticky than the forecasts, buying Bitcoin hasn’t worked as an inflation hedge. However, stocks have.

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it doesn't even need to necessarily be a cpi inflation hedge

bitcoin is an alternative monetary system that offers an escape from the perpetual credit expansions and credit contractions

in other words it can be a hedge on the current system collapsing

Your understanding of inflation is incorrect and holding cash outperforms falling asset prices. Outperforming CPI prints means nothing if you are a saver.

When will you stop your love affair? Bitcoin is just another asset class that goes up and down. It’s not an uncorrelated asset, it doesn’t store value, it’s not an inflation hedge, it is as much of a currency as the onshore Yuan. When the crowd gets saved by Ceasar it will continue to go up like everything else but why do you cling to the narrative?

BTC is only 13 years old so the volatility is not going away anytime soon. I'm not one to cling to a narrative and if it fails or something better comes along then I'll change perspective

I no longer anticipate 100% gains every year and I was wrong to expect that but I still would rather hold it than holding cash. math supports this idea so far.

but with that said. i don't like that it's shown correlation to tradfi. that has been disappointing to observe

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i don't like that it's shown correlation to tradfi. that has been disappointing to observe

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you get what you ask for ... bitcoiners wanted institutional adoption well we got that. ETFs and Futures ETFS? got that too. leverage. BIG TIME. Derivatives? YUP

so

you get institutional/deleverage/rotational action in markets too.

remember - traditionally gold sells off initially with a stock/bond market sell off because traders need cash -- then there is a rush into Gold for safety

Leeeeet's see how it shakes out this time around with BTC in the mix

I should restate what I said earlier. I think BTC is a good option if you aren't super rich to store wealth similar to how wealthy people do in offshore accounts. To add on to that in a currency crisis I think it would be a good asset to be holding. But not units of a trust or ETN/ETP, but a private wallet of actual BTC not tied to an exchange. Similar to gold in that regard.

I haven't looked at the analytics lately but the flows will be back, Wall Street and VC has too much skin in the game for it to go away, and it looks like the shiny new hook for retirement assets now that most of the fees have been deflated away by competition in passive products.

So to re-direct the conversation back to the OP. This will not age well along with crisis of faith in big tech.