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The speaker also emphasizes the importance of thinking in real terms, rather than just focusing on nominal returns. In an inflationary environment, assets that can preserve purchasing power become increasingly valuable. Bonds, for example, may provide nominal returns, but often fail to keep up with inflation, resulting in real losses.

This shift in perspective is crucial as the world may be entering a more inflationary regime. The speaker cites research from AKR Capital, which suggests that the traditional inverse relationship between stocks and bonds may break down in inflationary environments, as they tend to move together. This underscores the need for investors to seek alternative diversification strategies, with assets like Bitcoin playing a key role.

Conclusion

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