So, if the hypothesis that key driver of asset prices is the devaluation of fiat currency it pays to look at assets against G4 Central bank balance sheets as the denominator, to determine what is a store of value.

Here is the G4 balance sheet - 2009 was when it all started.
Commodities have failed to maintain their purchasing power..
Bonds have failed to maintain their purchasing power...even after rallying for the last decade.
Gold - it has not done a good job at offsetting the devaluation of fiat money...it has halved vs the G4 balance sheet.
US Equities, much as we all have figure out, have basically maintained their value and have offset monetary growth since 2009, (one of the reasons causing valuations to soar).
Global equities have underperformed due to dollar strength in a "best of a bad bunch" of fiat currencies.
But only bitcoin as an asset has ENORMOUSLY outperformed fiat monetary debasement, as it has the twin killer benefits of store of value plus call option on the future... #Bitcoin #irresponsiblylong
You can follow @RaoulGMI.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.