2 ms·
You've probably missed the most important one - diversification. A lot of people (rightly or wrongly) are concerned about the U.S. Dollar after what has transp
by nightski 6y ago
You've probably missed the most important one - diversification. A lot of people (rightly or wrongly) are concerned about the U.S. Dollar after what has transpired (and is still transpiring) with this pandemic. The Fed has unleashed it's full force and we simply don't know (although many are making their best predictions) what the future holds.
There's a reason companies and major asset holders are putting 1-10% of their portfolios into Btc, and I assure you it's not only speculation.
- pyrale 6y agoI understand that people may be interested in finding a safe asset to diversify into, but if there is no underlying asset to anchor btc to, it's purely a social consensus. If at some point the economy gets better and people want to invest back into actual stuff, what happens to the late leavers?