Bitcoin and gold are up big time, what’s up with that?You need to get your hands on a store of value
The year is 2020. The Federal Reserve is printing trillions of US$ to get the economy out of the COVID disaster. Economists are telling you not to worry about inflation. If you acted then, if you bought Bitcoin as a hedge against the debasement of the US$, you'd by up 7x by now. More than enough to preserve your wealth. What if I told you something similar is playing out now in 2024 and that's why gold and Bitcoin are hot again? The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 21,000 investors here: Done? Thanks! That’s great! Now let’s dive in. P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here. Bitcoin and gold are up big time, what’s up with that?The takeawayThe US Treasury is issuing debt. A lot of it. So much that it does not look sustainable over the long term without the monetization of the debt making a strong comeback. That means more debasement of the US$. That means you need to invest in a store of value asset now. There aren’t many options for that. And Bitcoin has:
I’ll make it easy for you, Bitcoin is the only option that makes sense to build a position in a store of value asset. Why you need to invest in a store of value right now...![]() Continue reading this post for free, courtesy of Ecoinometrics.A subscription gets you:
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Monday, April 8, 2024
Bitcoin and gold are up big time, what’s up with that?
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