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It’s a re-post but it was a great read and took me so long to finish that I lost the original thread anyway... If you’re reading it for the investment takeaway
by plaidfuji 6y ago
It’s a re-post but it was a great read and took me so long to finish that I lost the original thread anyway...
If you’re reading it for the investment takeaway (obligatory disclaimer that this isn’t investment advice), the bottom line is:
> My base case is that going forward over the next several years, the global economy will, more likely than not, encounter the third dollar bear cycle of this current petrodollar system. If so, assets such as global equities, quality residential real estate, precious metals, industrial commodities, and alternatives such as Bitcoin, are likely to do well.
- seibelj 6y agoThe bitcoin permabears on HN have been hibernating lately, only emerging to give downvotes. It’s quite clear that hard money has a purpose even if you dither on how extensively to use it. Bitcoin is simply the absolute hardest money ever invented that has become globally used, and it’s digital-native. And its marketcap is still so tiny!