Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902Bitcoin is the ONLY thing that can protect your buying power in a long run (unless you want to lug bricks of yellow metal and even then only until asteroid mining is in full swing) and it is getting clearer to more and more people (the only exceptions are tech industry insiders).
You don't really believe that gold is any kind of meaningful competitor to bitcoin, even if we were to try to take away the difficulties in it's physicality? And I am not sure what you mean by any kind of a supposed advantage happening with "tech industry" insiders? Are you saying that there are some tech stocks that are particularly UP or have upside potential? You are not suggesting that Tech industry insiders are any more enlightened about bitcoin than average normies?.. perhaps there is some kind of industry that is out performing inflation, and you are suggesting that tech industry insiders are profiting from that kind of outperformance?
Sure, your overall point about where to put your value? apart from bitcoin? and there may be some industries, I suppose, and now that I am thinking about it.. you are suggesting that the "tech industry insiders" are investing into AI? and likely profiting from that and outperforming other aspects of the overall market, including outperforming our current (and recent) cost of living increase levels?
yea, tech industry insiders knew about a connection between AI and GPU, hence Nvidia, earlier than regular folks.
I, personally, thought that AMD and NVDA would crash and burn when mining through GPU ceased to be a factor, but they thrived on AI usage instead (people were building up their GPU farms). I don't think it was feasible for non-insider to know this, albeit maybe it is just my fallacy as an investor that I did not figure that out.
Albeit, every 'era' produces a c few companies where you can get 100-1000X appreciation in a decade or two.
sometimes people like Peter Lynch says; see what you like and invest in it: it worked for Apple, but absolutely did nor work for me with Telse.
I was on the waiting list for model 3 (it turned out to be completely meaningless since there was no priority), but then went to a showroom and absolutely f-g hated Model 3 (like model S, but decided to go with gasoline car after all). As a result, I did not invest in tesla at that time despite planning to do so beforehand. The rest is history.
Gold is not for me, even without asteroid mining...i don't even like it's "shining" qualities.
TL;DR investment is difficult and your personal choices/values could play a "trick" on you.