nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy hypothetical (based on musings by Dave Collum)
Inflation and end of credit cycle squash equity valuations back to historical trend and briefly below in the 2030s
All the financial engineering such as indices, buybacks etc fail to attract enough capital to sustain monster valuations. NVDA etc crash back to reasonable P/E.
Can you imagine how much salt there will be with BTC $2M S&P $2000
A 60/40 portfolio would go down by 30-40% nominally. Like 65% in real terms.
That’s the end of the road for retirement.
However a 50/40/10 (10% BTC) would actually hold up in real terms if BTC goes to $1M+
Message to 401k holders is you NEED to allocate to BTC below $100k or it might be actually too late
They won't just be salty. They will be violent.
