Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

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bitcoininthevp
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by bitcoininthevp » Sun Oct 25, 2020 10:49 am

doodle wrote:
Fri Oct 23, 2020 9:58 pm
Bitcoin strikes me as a way to drum up big returns in a world where there isn't any. It's one of the last assets that truly has the potential to go to the moon because the market for bitcoing is curently so small. If it starts attracting institutional money it could literally go up 20, 30, even 100 times. It's the ultimate speculation. I'm kind of looking at it like a lottery ticket. I haven't purchased anything yet but might not be a bad gamble to hold one coin.
It might make sense just to get some in case it catches on. If
enough people think the same way, that becomes a self fulfilling
prophecy.


https://satoshi.nakamotoinstitute.org/e ... graphy/17/
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by garya505 » Sun Oct 25, 2020 3:30 pm

I would agree that the PP could benefit from some additional diversification, especially since stock evaluations are so high and bond yields are at an all time low. However, I think bitcoin doesn't have much of a track record and I believe that it would be highly speculative to assume anything about it's long-term gains.

I think an additional asset class for the PP might include additional diversifiers like merger&arbitrage (MNA, MERFX, ARBFX, etc.) and options-based event-driven strategies (IVOL, SWAN, TAIL, etc.).

What would Harry Browne design if he were alive today? Might it take a hint from portfolios like the Golden Butterfly or Dragon portfolios that have 5 asset classes rather than just 4? What might this 5th PP asset class contain?

EDIT: I'm going to name this the PP5 portfolio.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by ppnewbie » Thu Oct 29, 2020 2:03 am

Have not read the whole thread so apologies if it’s already been said. The Winkelvi recently said something to the effect that gold will be worthless because Elon Musk will be able to mine asteroids for unlimited amounts of gold. These guys are IMHO parasites who have extracted wealth from every host they have attached themselves to.
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bitcoininthevp
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by bitcoininthevp » Thu Oct 29, 2020 11:59 am

ppnewbie wrote:
Thu Oct 29, 2020 2:03 am
Have not read the whole thread so apologies if it’s already been said. The Winkelvi recently said something to the effect that gold will be worthless because Elon Musk will be able to mine asteroids for unlimited amounts of gold. These guys are IMHO parasites who have extracted wealth from every host they have attached themselves to.
Not sure what they were going for there. Trying to be edgy or whatnot. Wasn’t a good look imho.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by johnnywitt » Fri Oct 30, 2020 5:54 pm

bitcoininthevp wrote:
Sun Oct 25, 2020 10:46 am
johnnywitt wrote:
Sat Oct 24, 2020 2:00 pm
Unlike Gold, you have to transfer back into the system with Bitcoin, whereas you can completely, pretty much anyway, accomplish the opposite with the PM's.
I dont understand why Bitcoin requires transfer back into the system while gold does not.

Image
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal...
Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this asset class.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by senecaaa » Sun Nov 01, 2020 1:54 pm

"A video chat is more valuable than the world's biggest oil explorer and producer"

"It’s the industrial age passing power to the digital age."

https://twitter.com/woonomic/status/132 ... 94400?s=20

I don't see gold being replaced by Bitcoin soon, but the world is definitely changing to digital
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by sophie » Sun Nov 01, 2020 5:20 pm

Xan, can you put this thread into the VP section? It doesn't belong in the PP forum, and I'd like to opt out of future notifications of unread posts.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by Xan » Sun Nov 01, 2020 6:50 pm

Done & done
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bitcoininthevp
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by bitcoininthevp » Mon Nov 02, 2020 9:21 am

johnnywitt wrote:
Fri Oct 30, 2020 5:54 pm
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal...
Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this asset class.
I still dont understand.

Gold is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.

Bitcoin is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by boglerdude » Wed Nov 04, 2020 9:41 pm

Whats the problem with using stocks as money. 401ks are a savings account. Overvaluation of publicly traded companies?
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by johnnywitt » Fri Nov 06, 2020 3:10 pm

bitcoininthevp wrote:
Mon Nov 02, 2020 9:21 am
johnnywitt wrote:
Fri Oct 30, 2020 5:54 pm
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal...
Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this asset class.
I still dont understand.

Gold is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.

Bitcoin is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.
Because someone can take a gold coin into a person to person transaction for cash dollars. How does a person cash out their BTC holdings without going through 'the man' ???
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by senecaaa » Sun Nov 08, 2020 3:25 am

johnnywitt wrote:
Fri Nov 06, 2020 3:10 pm
bitcoininthevp wrote:
Mon Nov 02, 2020 9:21 am
johnnywitt wrote:
Fri Oct 30, 2020 5:54 pm
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal...
Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this asset class.
I still dont understand.

Gold is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.

Bitcoin is a money like asset that you can hold and perhaps trade with, but likely will "cash out" to dollars in order to spend currently.
Because someone can take a gold coin into a person to person transaction for cash dollars. How does a person cash out their BTC holdings without going through 'the man' ???
You give me cash, I send you bitcoin (from my wallet to your wallet). No "man" involved :)
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