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Eh it’s fine for tail risk alloc. If in a collapse scenario I think BTC will 40x and I put 2.5% into it, I’m covered.
In this case, are you expecting BTC will 40x nominally, or in real terms? If it goes 40x because the dollar loses all value then you’ll still have lost value in real terms.
Eh it’s fine for tail risk alloc. If in a collapse scenario I think BTC will 40x and I put 2.5% into it, I’m covered.
If we have a collapse there could be a civil war of sorts so wouldn't be long before the power grid goes offline, then BTC will be useless almost instantly. Bullets and canned food will have far more value.
It's because stupid money moves fast and in stupid numbers.
Cryptocurrencies and NFTs are tulip bulbs: they're intrinsically worthless. At least you get flowers from bulbs.
Earlier quoted context omitted.
If we have a collapse there could be a civil war of sorts so wouldn't be long before the power grid goes offline, then BTC will be useless almost instantly. Bullets and canned food will have far more value.
Where has this happened? I’m thinking about something akin to Venezuela.