The truth of the claim is largely irrelevant as the themes I've touched on are relevant no matter what happens. Themes of market cap, scarcity, derivatives, hedges, overhead costs, blah blah blah.
I like gold.
I think gold is awesome.
Doesn't mean anyone should put more than 1% of their net worth into it.
Also in the long term it's totally irrelevant if Bitcoin has "found its floor" or not.
You have no idea if this is the floor.
No one does.
I can guarantee Bitcoin will outperform gold over the next 5 years.
Only a day-trader should care if it's "found its floor".
But yeah I'm not really arguing with you here gold seems like an extremely legit play.
I'm an idiot pretty much have 15% of my net worth in bullion.. or am I heh
10% is in crypto and 1% in stonks. Real-estate is my biggest asset even though I have a mortgage left (small in comparison to equity). I'm doing all right as long as we don't go mad max.
Yeah but there is no way for anyone to win in the apocalyptic scenario.
Some people spend 15% of their surplus income buying cigarettes.
I'm sure you'll be fine.