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I agree, and the thing I like the most is that it’s still waaay early in the adoption phase. As adoption increases, and I believe it will, supply coming online will decrease. The only thing that still gives me pause in the back of my mind is that it still behaves as risk on asset. BTC still trades as a risk asset. I’m still waiting for BTC to trade more like gold or bonds as a flight to safety asset. BTC outperforms both over longer timeframes. When BTC starts stealing more allocations from gold and bonds in times of stress is when we’ll see crazy upside. Could still be a few years and stock market meltdowns (and BTC drawdowns) before that happens, but stocks are way overvalued by most metrics…where are people gonna park their money if we see a 30% sell off and years of sideways action? It feels to me like we’re living in a late 20’s style period of irrational exuberance for stocks. Bonds are MEH for fixed income cash flow or purchasing power preservation, but not growth. Just DCA, store properly in a hardware wallet and sleep well at night. My target date is 2030, so we’ll see where we are then-still lots of ups and downs before then I’m sure.
MEH! I just read the most hawkish article on Reuters about interest rates. I'm going to cry myself to sleep now.
Is it illegal if people are stupid with their money and lose it out? Can I sue and win against Intel for dropping the ball these past years against AMD? MEH GAINZ!
The last BTH ATH people were like MEH.