Basic investment thesis for the 2020's:
We're at the end of a big debt cycle, and governments will continue to debase currencies to pay off debt in nominal terms.
Finite assets that can't be seized or debased will perform best over the long-run. E.g. #Bitcoin (+342% since Covid fiat wave)
Assets that can be seized and debased will perform worst. E.g. Sovereign debt (TLT -43% since Covid)
We are likely to see periods of inflation and deflation as central bankers attempt to steer the Titanic with a wooden spoon.
In periods of chaos, you get bonus points for holding assets without counter-party risk. (Cold-stored BTC, physical Gold).
Finally: Your asset allocation is only as good as your long-term patience.
Many will get rekt trying to time the volatility.
Instead, just skate to where the puck is going.
A dollar from 1800 is worth just over $0.04 today, but that same dollar invested in stocks would be worth $2.3 million now after 223 years
Gold would be worth just $4.06 ...
Here's the math...@saylor
If you got a 30-year fixed rate mortgage at 6.81% and aped all of that cash into #bitcoin at an exchange rate of $29,200 and then made your monthly payments over the next 30 years, you'd need #bitcoin to reach $69,500 by 2053 to break even.
$AMD Wow, listening to Lisa Su, the confidence, the growth numbers, the articulation, the professionalism, the understanding of her own business is on a micro-level 🔥🔥🔥, now that’s a CEO.
The longer we stay stuck in this range the more I feel like we will mirror the price action from September 20, 2018 - November 25, 2018. This is what that would look like. $BTC #Bitcoin
❗️ $BTC CHART UPDATE❗️
This is what I'm seeing for bitcoin as a last chance for the bulls. $3220 is an area I'm eyeing to complete the ending contracting diagonal to then take us for the larger degree C leg. Patience with this one.
#bitcoin