December 2024 Newsletter: The Rise of Digital Assets

Some are skeptical about the ability of digital currencies to emerge as a viable store of value in just a few years since it took thousands of years for gold to do so, and only after gold had been used for its intrinsic value for centuries before that. I don’t agree; such logic is too rooted in the past and does not account for rapid behavioral cha... See more

Lastly, nothing forges character like a crisis. When the Panic of 2008 hit, bitcoin did not exist. Instead, investors flooded into that age-old safe haven, gold, which tripled in price in two years. But now bitcoin offers an alternative, one that is significantly more useful than gold. It has similar finite-supply qualities, which supports its valu

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At the end of the day, continued fiscal deficits will increase US public debts, which requires more liquidity, more monetization and more currency debasement.

Which is good news for holders of scarce assets (equities, RE, gold, BTC, crypto).