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Anonymous

Lets goooooo

Anonymous

I guess I always question how much profit do you always have to make once we have enough to be happy for the rest of our lives do we really need to continue to make more concerned about more profits over time for wealth management for future Generations that you're more concerned with? Not like gold lost as much money as my stamp collection has.

Anonymous

100% agree! The global bond market is 100 Trillion. Soooo in math we trust... if Gold is 10 Trill which makes BTC $500K... Then every 10% of the bond market (10 Trill) adds another $500k to BTC. Soooo let's say BTC get's all Gold and all Bonds then it's $110 Trill... which makes Bitcoin $5,500,000.00.

Anonymous

Personally, if this really does make super rich then I'll spend the rest of my life giving money and helping other people... not like the gates foundation but actually doing something (he he he)

Anonymous

I’ve been short TLT for a while now - been wondering how much lower it can go. This post has got me thinking it can go a lot lower now!!

Anonymous

Not sure I understand it. So money is shifting from Gold to BTC, ok? Why would bonds be next? I thought the yields are going up apparently and people are buying bonds again? Sorry if this is a dumb question.

Anonymous

I just sold all my gold to buy more Bitcoin.

Anonymous

James - seems your video comparing gold to BTC is having a large effect on the ETF markets!

Anonymous

So even a 30 year bond will only give you like 2.3% yield. This rate does not beat the hurdle rate or inflation rate. People are waking up to the fact that the Risk Off appeal of a bond is not beating inflation which is now 15-20% so they are moving money into things that can grow faster and still offer that Risk Off appeal.

Anonymous

On this you're misinformed. There is no way bonds will be replaced by Bitcoin. It's a millennials dream.

Anonymous

Like @Mos I'm skeptical that BTC could replace the bond market. In one interview Michael Saylor threw in the hypothetical of BTC taking over bonds, treasuries, PMs and real estate. If you did the numbers it equated to a BTC price of $15m. I can't see that the (very powerful) powers-that-be would let that happen. Not unless they had become the dominant BTC HODLers by then... by hook or by crook.

Anonymous

I don’t agree with the other comments I see here, from where I stand, BTC represents a far more effective (and crucially) *decentralised* store of monetary value. HODL

Anonymous

The projections of the BTC value growing infinitely are misplaced. Given its capped supply, growing values will result in substantial wealth concentrated in the hands of a very few that the majority (through governments) will seek to tear down.... That's been behind the overthrow of most powerful regimes in the past. So I would be looking at taking some off the table rather than hoddling forever.

Anonymous

Mos, on this you're misinformed! How can you know, or be so well informed? It is all speculation, no matter how knowledgeable one is.

Anonymous

Please do yourselves a service and educate yourselves on the critical role bonds play. There is a big difference between bonds offering very little value and them being replaced by a zero yield asset such as crypto whose bullish trajectory is hampered the higher yields go. Were it not for the ongoing institutional adoption phase BTC would have much higher volatility and prove less attractive as a wealth preservation asset. Pray that yield moves remain orderly and that the FED will step in if they don't. I am of course a HODLer but I don't let emotions detract from reason.

Anonymous

"All roads lead to Bitcoin" :)

Anonymous

Interested in your thoughts on this Jim We had the gold standard then in 1971 we abandoned it to print more money.. We are heading towards the bitcoin standard with limited supply.. Bitcoin replacing gold. Will other means ie derivatives of bitcoin (etf's etc, currency linked to bitcoin) be used to increase supply and hence put a top hat control on bitcoin price..? What are your thoughts..?

Anonymous

I agree that bonds play a critical role and will no doubt continue to do so, however, I think there will be a sea-change in mutual fund structuring whereby the classic 20-40 bond allocation will be either in part or whole replaced by Bitcoin/Ethereum. Not saying this will happen overnight but the move by Morgan Stanley has set the ball in motion.

Anonymous

And I’m still short TLT!

Anonymous

Why or how is bitcoins or any stock volume going down while the market cap is going up? it does not make sense.

Anonymous

I can almost guarantee that the Government will step in if BTC gets too much power...

Anonymous

Physical Gold is the Gold you want. That's the issue I see with all of these BTC/Gold comparisons looking only at the Spot price and not the actual price to buy and sell which varies from coin to bar etc. BTC for investment. Gold for when they turn the lights off.

Anonymous

I just bought 2 ounces of Gold and .1 BTC. I don't understand the one or the other approach. They serve difference purposes IMO

Anonymous

Interesting, is there an upside value limit to Gold? I’m also interested to know what you would convert your BTC to and which asset you believe to be a better value proposition.

Anonymous

I think for sure they want to regulate and tax it. Ban it? Very doubtful. Prisoners dilemma, ban it in US and China, Russia and everyone else wins. Many countries already stockpiling. Governments have two choices buy it, tax and regulate or end up like Argentina...(no offence Argentina).

InvestAnswers

agreed. I did a portfolio review for a friend that was professionally managed by Vanguard a 7 digit portfolio and it was 25% bonds. I reviewed performance of rest of assets over last few years and it was horrifying. They also had 25% in a money market account. WTF!!! Anyhoooo just some observations - there is safety and there is too much safety.

InvestAnswers

Well aware of 1971. What you mention is already happening with shady forks like BCH..... so it pays to do your homework. The beauty of bitcoin and what got me hooked 3 years ago was the 14M coins..... rem it is not 18.7M or 21M - it is 14M coins :D and it is a thing of beauty.

Anonymous

Jim, If a token of bitcoin(derivative, etc with unlimited supply) was pushed/ , promoted by the establishment and gained most of the investments then that would limit the upside of bitcoin price surely? The establishment would have basically dropped the bitcoin "gold" standard as in 1971

Anonymous

Does this mean bitcoin is forming a S-shaped curve, (which I doubt, probably just the timeline used here making it look like that), or are we going to go under a period of consolidation followed by a breakout, similar to what ethereum has been doing for a few months?

Anonymous

However, the market participants know there is a thing called bitcoin, fixed in supply and a ‘pristine asset’ not controlled by any government, why would anyone invest in a leaky asset that devalued over time? And has the gold standard been dropped? Why do central banks keep tons of gold, 8134 Tonnes USA (79% of total reserves) ...

Anonymous

A BTC ETF doesn't have to buy bitcoin.. It has to reflect bitcoin price. It's supply is unlimited. If there are advantages provided for on ramps for institutions then it would be possible for bitcoin pristine limited supply to be sidestepped and hence price escalation slowed down.. I can see this is a possible mechanism but just wondered how likely this is as it is a risk.

InvestAnswers

It would be very risky for them to be able to map and reflect the exact BTC price. Super tricky but possible as I said above. Again, as I always say, buying pure form BTC is always the best way.

Anonymous

Any thoughts as to using PAXgold as a stable coin linked to the price of gold rather than a stable coin linked to USD??