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> I don't think we would question 10% of net worth in real estate. No, but there's no chance of real estate going to zero. The global financial crisis housing
by mikeyouse 5y ago
> I don't think we would question 10% of net worth in real estate.
No, but there's no chance of real estate going to zero. The global financial crisis housing bust saw US house prices decreases by something like 20%. There's a non-insignificant chance of most Crypto 'investments' losing 99% of their value.
I think it's very dangerous to start talking about crypto as an "asset class". People are going to lose their shirts and hardly anyone understands where the value is supposed to come from.
- javert 5y agoThere is something wrong with grouping all "crypto" together. It's like having an asset class called "coinage" that includes gold and silver coins, copper pennies, and everything in between.