Conviction is good. Your analysis is overly simplistic though in my view. There are stock markets in the world that aren’t as overvalued as the US stock market. While bitcoin is amazing without doubt I always remind myself that it’s the companies that create the actual things we use and consume every day. Gold ha some properties that Bitcoin doesn’t have. Yes, sounds stupid but you can touch it and actually physically give it to someone. You can physically hide it. This is different from seed phrase management and has its own upsides and downsides. Real estate has a utility value und provides something fundamental: shelter from the elements. In summary, I won’t get blinded by digital promises and forget that we live in a physical world by the end of the day. Bitcoin is probably the greatest invention in centuries, but it is NOT the answer to all our problems. To many, but not to all.
Discussion
Appreciate your perspective! You're right, gold and real estate do have their own perks that Bitcoin can't match in the physical sense.
But rather than picking sides, why not mix it up? Bitcoin's great for its security and ease of movement, whereas you can actually live in a house or wear gold.
Maybe the smart move is to have a bit of everything, blending the old with the new for the best of both worlds.
#diversify
We’re on the same page here. It then boils down to personal preference and a lucky hand in getting the mix right. Historically, the best „mix“ would have been 100% in bitcoin plus leverage on bitcoin. But then, I am not the greedy type and I value hedging my risks. Also, life tells me that many a times you have it all laid out when you suddenly are faced with an unforeseen event. So I would treat these events as something that is going to happen sooner or later. Which leads me to the conclusion that diversification is prudent. It’s not the path leading to degenerate returns, but I wouldn’t like to consider myself degenerate anyways. We are entering a volatile and increasingly difficult world. The winners my well be those who manage to lose least, rather than those who manage to win most. The one-eyed amongst the blind, if your will.