Re:Why gold and Bitcoin are popular
by rat87 on Monday June 14, 2021 @04:27AM
(#27500484)
> I think itβs hard to make the argument against allocating somewhere on the order of 1% of your portfolio to crypto.
sure if you like to gamble
> I know many here are stridently anti-crypto, but there is some not very likely but plausible future where Bitcoin or Ethereum become the global reserve asset. Much the same way gold was in the 19th century or IMF drawing rights have operated at certain points post Breton Woods.
not very plausible at all. As for a gold standard it was abandoned for good reason. You don't want a standard that is artificially limited and artificially limiting the economy, that's how you get a Great Depression
sure if you like to gamble
> I know many here are stridently anti-crypto, but there is some not very likely but plausible future where Bitcoin or Ethereum become the global reserve asset. Much the same way gold was in the 19th century or IMF drawing rights have operated at certain points post Breton Woods.
not very plausible at all. As for a gold standard it was abandoned for good reason. You don't want a standard that is artificially limited and artificially limiting the economy, that's how you get a Great Depression