Maybe more investors will have "bitcoin de papel"🧻😄
Discussion
Eventually they all come and ask to have some sats please.
Once they show up we gonna tell em, sorry out of zaps 🤣
This bull market will be about bank failure hedge and #Bitcoin outperforming everything else again.
Shitcoiners going to embrace monke jpegs on timechain and all that crap. You can see all the usual shitcoin influencers hyping it up with all their five brain cells drooling over the possibility of new dumbasses giving them their fiat.
Thank you for coming to my monthly macro penis analysis.
“The problem with measuring nominal returns of assets is that it obfuscates debasement by monetary inflation. In a fiat system, the monetary base via private credit and central-bank balance sheets must continually expand to ensure the nominal value of collateral backing debt in the system also rises. Sustained periods of nominal price declines (deflation) would ultimately collapse the entire system.”
“By denominating returns in a representative measure of money supply, such as M2/M3 or central-bank balance sheets, one can get a true sense of whether assets have long-term store-of-value properties in the face of debasement. In the relatively short period since 2018, Bitcoin and US technology stocks have been the only assets serving as effective hedges against massive increases in the monetary base.”
“We ran simulations for the traditional 60/40 portfolio (US equities and bonds) as a benchmark, comparing it to our own 60/39/1 portfolio which included 1% of Bitcoin at the expense of bonds. This shows an excess return of 10.58% (1.32% annualized) over the backtest period (2015-2022). Most notable is the increase in risk-adjusted returns: the Sharpe ratio improves from 0.604 to 0.664 while the maximum drawdown hardly changes. Although an improvement, the 60/39/1 portfolio still underperformed the level of M2 debasement over the period by 4%.”