Shouldn’t it be the opposite?
If price of everything doubles because of “Fed printing”, stock price should also double. Companies’ revenue and profit will double.
.
Nowadays, I don’t understand what you are saying.
.
A picture is worth a thousand words.
Return of NASDAQ and GSPC for recent past 10 years. CAGR of 14-19%.
Very good interview with PlanB. I like PlanB’s style. Very measured and even-heeled.
BTW PlanB’s prediction for Bitcoin is between $1M and $5M by 2025, but there would be at least one 80% crash before we get there.
1 Like
Yes, this is a fantastic return. Still mystified as to why you consider it “so-so”.
I’ll be buying heavily starting from end of 2022 to 2024 (automatic monthly buys and btfd). Bitcoin to 1M+ also means world/dollar is in trouble. 
This is complete and utter nonsense
It’s a good idea to DCA into
BTC over the next couple of years - I am planning to do the same. But I don’t think BTC will reach anywhere close to $1M per coin in 5-10 years. Maybe about $200k…
Not sure about that.
Maybe instead gold would be in trouble.
Gold will hold its value, even if it does not increase. Bitcoin is a fad, gold has stood the test of time. As long as women yearn for jewelry, gold price will hold up. I dont see how Bitcoin can cause gold to lose value
This report is 1.5 years old but I don’t think the ranking has changed much:
CoinTracker found that the top four ranked cities by average crypto portfolio size are all in California’s San Francisco Bay Area, with San Francisco proper at approximately $55,000 followed by Palo Alto with $39,000, Oakland with $35,000 and San Mateo with $30,600.
Only four cities outside of California are home to investors whose average crypto holdings exceed $20,000 in the U.S. — with Seattle, New York, Tampa, and Pittsburgh investors holding between $27,000 and $21,000 on average.
Could have a meaningful impact on local RE if people cash out some crypto money to buy a house or two.
1 Like
.
Relative.
.
What is the profile of crypto investors? Mostly techies? How many old farts invested?
Bay Area dominates crypto ownership. So I’d expect techies make up a large part of it. I also think there’s a sharp drop in ownership over the age 40. I am older than 40 and it took me years to update my thinking. The fact that there is no way to trade cryptos in brokerages like Charles Schwab should tell you something. No wonder they are moving to Texas.
Meanwhile some old farts got it:
Legendary investor Bill Miller lost 90% of his fortune in the late 2000s. Bitcoin and Amazon stock have made him a billionaire.
- Bill Miller has become a billionaire thanks to Amazon and bitcoin.
- The value investor’s Amazon stake made up 83% of his personal portfolio last year.
- Miller says his bitcoin holdings are now worth more than his Amazon position.
2 Likes
Ditto. Started late even though I was exposed through couple of co-workers who were in their 30s. BTC itself didn’t sell me but Etherum platform sold me and felt need to be part of it in investment portfolio as well as curiosity as software person in creating DeFi apps.
3 Likes
um. I liberal, but not THIS liberal.
I think BTC going to go higher. read the reply tweets. very worrying.
I think this is a good thing for BTC and crypto going into the future. So far, BTC has grown outside of the mainstream financial system, and reached 1T market cap. It’s growth was driven by the millennials. Now 40+ GenX oldies like us are beginning to buy crypto, and the mainstream financial industry will soon figure out how to tame crypto, make it more predictable and less volatile.
Once there is a true Bitcoin ETF like GLD for gold, and traditional money managers like Schwab get involved, new money, esp in retirement accounts, will flow into BTC and raise the price but not to $1M +. Maybe to 200-250k in 5 years
I’d be disappointed if BTC didn’t reach 200K in 5 months.
1 Like