⭐ Merited by JayJuanGee (1)
That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.
Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.Parity with gold is not going to be that hard to achieve.. and so it seems more accurate to be considering beyond gold.. such as 10x to 1000x beyond gold, even though bitcoin might not make it to 1,000x beyond gold for 50-200 years, but still seems like a better north star rather than getting distracted by short term gold price moves.. and surely there are some folks who are probably failing/refusing to adequately/sufficiently buy (or hold onto their) bitcoin based on such gold distractions.
Perhaps some people insist on things being tangible, I don't know. I don't actually know why gold could be a distraction at all if you consider how it has performed for the last 15-20 years. It's ok, and for investors with institutional level investments these returns may be good.
In the last 20 years, the cumulative rate of inflation is around 64% as per this calculator.
Since 2005 gold went up by about 500%. That's not mind-blowing if you take the inflation rate into consideration. Building an investment over two decades, gold is at best a bonus on what someone has hopefully been building over that timeframe.
The upside potential that bitcoin still has, in my opinion still outperforms that of gold beyond doubt. Yes beyond doubt sounds like I know it with certainty. Of course I don't, but if I had to make a choice and I would not be an overly risk averse person that can't sleep at night, I would go with bitcoin anytime. And there is still risk that gold could be sold. The same way that bitcoin holders take profit and dump the price from time to time, the same way it can happen to any asset. I don't know the whole array of risk factors that gold is facing, but I can only imagine there are quite a few and whether the price right now is fair value or not, nobody knows. It could be as much manipulated as people think bitcoin is manipulated.
My stance is that I ask myself how many people still don't own any bitcoin and could get some with just a few clicks into a wallet they can control themselves with ease if they do some least amount of research. I don't think in 10 years from now the majority would still prefer a gold bar in their basement over a bitcoin in their wallet.