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The inflationary edge should be capital, inventory, productive investment eg. real stuff, not immaterial crypto tokens.
by BenoitEssiambre 6y ago
The inflationary edge should be capital, inventory, productive investment eg. real stuff, not immaterial crypto tokens.
- tgraves83 6y agoI generally agree. However, these can become bubbles themselves or be overcrowded trades. Plenty of the value in those investments is pure speculation and not productive investment. A typical hedge against equities being overvalued would be bonds but those don't look that attractive right now either. Maybe the world needs another alternative. I would argue the current price of bitcoin is the market agreeing with that.