You know the interesting part of all of this? You’d make profit from all of them. Regarding Bitcoin, we know better now but looking back at 10 years ago, you never really knew what today would be if it’d be an abandoned idea or as huge as we’ve seen it. I’d say that if you have enough money (really wealthy), diversify your investments. Invest in all 3 of them after all, you’ll make profit from all.
If you account for the debasement of the dollar, you likely are not making money in all, especially in real terms rather than nominal terms.
Bitcoin has ongoing good chances to keep up with the debasement of the dollar and also to outperform the dollar's level of persistent, consistent and inevitably ongoing debasement. Good luck if you are investing in that other stuff.
I know that Bitcoin definitely does better (even asides the dollar debasement) but I think that at least, the other investments at least gives some fair gain. If you say it doesn’t because of dollar debasement, that means you’re saying that so far, people who have invested in Gold for the past 10 years has technically earned nothing? Or did I get it wrong?
When ever an asset only has nominal gains and it does not have real gains, then they have not earned (or gained) anything in terms of the cost of living of things that they could purchased, but they did better than keeping their value in dollars.
I totally understand and get your point. However, I am asking if you can/will explicitly say that people who invested in Gold has made no gain? I mean… I don’t expect you to because the reason we look at gold the way we do now is that Bitcoin has created history and has made gold look even slower than it is.
Anyways, Bitcoin will take a longer time to reach that price you talk of. It was easier for Bitcoin when it was worth a lot less than now it is worth as much as $57k. Half a million may be seen as just 10x of the current price, but that’s a lot
Edit: I thought you meant half a million but you get the point.
It is possible, with varying degrees that bitcoin could have a top anywhere between $57k and $2 million plus - of course with varying levels of probabilities for each of the price points, and surely the top of this cycle could help inform what might be the range of possibilities for the next cycle, and part of the benefits of any asymmetric bet is that if you do not leverage, then you are only going to lose, at most, 100% of what you had invested. So it is your choice if you allocate 5% to 25% of your investment portfolio into it (which seems prudent) or some other amount, or not at all.. and then live with the consequences.. and yeah if you don't invest now, then you can choose to invest later, if bitcoin is still around by that later time that you might reconsider the matter.
I also believe that it possible, I just don’t see it as easy as it had been when Bitcoin was way cheaper and easy to afford. Let’s see how it unfolds, for the least, I expect Bitcoin to go way higher but no one knows how high that could be.