STRONG OPINION:
Bitcoin has clearly entered the global Store of Value phase.
US magacap technology stocks will slowly lose their SoV status (which they’ve enjoyed since 2009) over the coming 10-15 years.
Everything that is good for gold is 10x to 100x good for bitcoin.
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Goldbugs in disbelief
Not to nitpick, but I think that life will be pretty good for gold bugs for the next 10 to 15 years.
It will just be exponentially better for Bitcoiners.
It probably won’t go well for US tech stock and bond bulls.
What about Bitcoin Treasury companies?
Those that have the ability to shift their strategy once Bitcoin cagr decreases will benefit enormously. E.g. I expect Strategy will use it's huge holding to become the world's Bitcoin bank. Unless another company gets their act together soon, it could be a Saylor only show. Looking at you, GameStop... 😁
Wow Jeff, you really went out on a limb here
Mag7 will be demonetized by #bitcoin as capital flows to the best option over time. People need to stop normalizing 7% public market returns that match money supply increases and focus on real savings with Bitcoin
It could go well for everything except Cash and Bonds
Still think 500k by end of year? Or not as high due to chaos?
Clearly, that's a big call! Is this based mainly on price action?
The yellow metal always smells it first. Those printers, off in the distance. Thankfully we are locked and loaded, Dr.
Love this take. The more I learn about macro (thank you!) and liquidity cycles, the more it’s seems abundantly clear that mag7 is largely a magnet for liquidity in a world where there was no safe alternative. I suspect Mag7 SoV decline will track the inverse of bitcoin adoption and awareness increase. Mass forward earnings is just a way to mask debasement realities from the public IMO, not sustainable.
