We are so early.

Got chatting to another dad at the playground and he told me he was an investment analyst at some big $500bn "Boston based" fund.

Says they just go long on stuff, no fancy derivatives. They analyze geopolitics as their main way to get an edge. The example he used was buying Russian bonds last year because they thought the war would be over soon 😅

Says they buy US treasuries but need to diversify because they're becoming too political (e.g. When US froze them for Russia). Thinks BRICS currency is interesting as a way to hedge that risk.

I casually said "maybe you should think about Bitcoin as a neutral option", and he instantly dismissed it saying "it's not backed by anything" 😮‍💨