Read on Twitter
1/ @RaoulGMI has become more of a controversial figure on CT, but I personally value his contributions, particularly his macro views. To that end, this video is alarming and frankly matches my own level of concern re: the global macroeconomy.
2/ This general/overarching concern relates to #BTC 
in that, as I have said many times before, if global markets tank, so to will #BTC , at least temporarily. HOWEVER, I think the subsequent rebound will be relatively quick and robust. Put another way...
in that, as I have said many times before, if global markets tank, so to will #BTC , at least temporarily. HOWEVER, I think the subsequent rebound will be relatively quick and robust. Put another way...
3/ We are living in a VERY precarious time, IMO. However, we have to put our money somewhere. The question is, where? Bonds? With negative real yields? No. Sit in cash? No. Fiat debasement has never been more extreme in modern times, and that will not cease any time soon.
4/ Stocks (broadly speaking)? No. Even if the money printer runs 24/7, thereby keeping markets afloat, at least nominally speaking, there, IMO, is little room for additonal growth. Or at least the odds don't favor meaningful growth other than a few select individual stocks.
5/ So, where does that leave us? IMO, the only game in town are hard assets. What qualifies? Gold, real estate, collectibles (e.g., art), and #BTC . Of these four, real estate is the most precarious, IMO, because the market is already overheated.
. Of these four, real estate is the most precarious, IMO, because the market is already overheated.
6/ Gold is probably the safest in that it has 5K years of history on its side. That said, as I think at least we here on CT can all agree, #BTC is vastly superior to gold in virtually every way as a store of value - except longevity. So yes, gold is an option.
is vastly superior to gold in virtually every way as a store of value - except longevity. So yes, gold is an option.
7/ Collectibles? Maybe, but I think people would get burned unless they really understand the market they are entering. So no to collectibles. That leaves only #BTC remaining. If you follow me, I think you all know where I stand: it is by far the best bet of all the options...
remaining. If you follow me, I think you all know where I stand: it is by far the best bet of all the options...
8/ Now, could you make the argument that #BTC , like virtually every other asset class, is overheated and potentially in a bubble of its own? Yes, you could, and you'd have both data and history backing your argument. However, ...
, like virtually every other asset class, is overheated and potentially in a bubble of its own? Yes, you could, and you'd have both data and history backing your argument. However, ...
9/ IMO, the single biggest attribute #BTC has going for it at the moment, at least vis-a-vis all other options for investing at the moment, is where its market is on the adoption curve...
has going for it at the moment, at least vis-a-vis all other options for investing at the moment, is where its market is on the adoption curve...
As shown, we are VERY early in terms of adoption, and that alone differentiates every other asset class competing with it right now. Every other asset class has already reached maturity and market saturation...
10/ So...in short, there is no asset class that can avoid the current global macroeconomic risk confronting us all. Nothing. Only hard assets are worth considering at all, IMO, and of those, possibly only gold is an option compared to #BTC ...
...
11/ With that in mind, owning some gold might be a good play for diversity and perhaps peace of mind, but frankly, doing so is not exactly risk free either. So in the end, we're back to where we started: #BTC . It really is, IMO, the only game in town at the moment...
. It really is, IMO, the only game in town at the moment...
12/ Does that mean it's bulletproof, guaranteed to succeed? Heck no. Not even close...BUT, our current location on the adoption curve is what will lead it/us to the promised land eventually, even if the world experiences a major collapse. So, with this in mind...
13/ I certainly wouldn't invest any money I cannot afford to have a long-term perspective on. i.e., If I have steady income that can pay the bills, great, but if not, then of course I need a cash-based rainy-day fund first and foremost, even if it is depreciating rapidly.
14/ But after that, sitting in cash really is a losing proposition. So, if I have to walk up to the tables and throw the dice, it is going to be at a #BTC table. It's that simple.
table. It's that simple.
, and good luck to us all, no matter what you pesonally choose to invest in...
