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

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

Post by StinkyToes » Sat Aug 29, 2020 6:32 am

https://winklevosscapital.com/the-case- ... k-bitcoin/

The PP was devised before Bitcoin was a thing. Is it time for PP to adapt? Would a 20/20/20/20/20 portfolio split between stocks, bonds, cash, gold, and Bitcoin be superior to the current version? What about a 24/24/24/24/4 portfolio? Or maybe 25/25/25/12.5/12.5?

Thoughts?
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mathjak107
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by mathjak107 » Sat Aug 29, 2020 7:27 am

when bitcoin has a 5000 year history i will think about it
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Hal
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by Hal » Sat Aug 29, 2020 7:33 am

The reason the PP uses gold is that after the USD, it's the next most used currency/money. Have a listen to the HB radio show for more details.

By all means, use it in your variable portfolio if you wish.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by PrimalToker » Sat Aug 29, 2020 9:07 am

Gold has been used as money for 6,000 years, in many cultures all over the world and is still money today. Bitcoin has never been money. How can it be better than gold when it hasn't been around long enough to build a reputation? It's pure speculation.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by Tyler » Sat Aug 29, 2020 9:57 am

Men working to start a bitcoin ETF promote bitcoin.

I don't completely dismiss Bitcoin as an upstart alternative currency. But I will say that if the only points in the section "the problem with gold" are asteroids and the third-best Die Hard, then I'm not too worried about gold in my lifetime.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by europeanwizard » Sat Aug 29, 2020 11:50 am

Hal wrote:
Sat Aug 29, 2020 7:33 am
By all means, use it in your variable portfolio if you wish.
Exactly. The PP method doesn't say you should never use bitcoin. It just says that as the basis, stick to the usual suspects. You can actually make your VP as large as you want it to be. My VP is ~6% of my PP. Half of that is in Bitcoin.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by mukramesh » Sat Aug 29, 2020 1:39 pm

Tyler wrote:
Sat Aug 29, 2020 9:57 am
Men working to start a bitcoin ETF promote bitcoin.

I don't completely dismiss Bitcoin as an upstart alternative currency. But I will say that if the only points in the section "the problem with gold" are asteroids and the third-best Die Hard, then I'm not too worried about gold in my lifetime.
I thought this was a joke... then I read the article ::)
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by Smith1776 » Sat Aug 29, 2020 3:50 pm

I agree that Bitcoin has potential. I'm not willing to dismiss it completely. However, I still think it's a work in progress.

Even Satoshi himself said that Bitcoin would have to be hard forked at some point in order to solve the network's many scaling issues.
Price is what you pay; value is what you get.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by senecaaa » Sun Aug 30, 2020 3:58 am

Smith1776 wrote:
Sat Aug 29, 2020 3:50 pm
Even Satoshi himself said that Bitcoin would have to be hard forked at some point in order to solve the network's many scaling issues.
Well, that was before they found different ways to scale like the Lightning Network.

Anyway, Winkelvoss Capital owns so much Bitcoin they can do nothing else but recommend it I guess. A much better recommendation is that Paul Tudor Jones started including Bitcoin in his hedge fund.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by mathjak107 » Sun Aug 30, 2020 4:26 am

keep in mind tudor's funds have done awful for a long time .... they guessed wrong so much they had to close a fund and give investors back what was left ....

they had many good people leave the last few years , including my daughter in-law who worked for them for many years .

many who worked for tudor started their own firm and are doing so much better now . my daughter inlaw went with them . she runs the tax dept .

so take what he does with a grain of salt . he has been wrong for many years.

paul tudor jones also rates bitcoin dead last as a store of value

Image


https://www.forbes.com/sites/colinharpe ... 08fa38d50d
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by senecaaa » Sun Aug 30, 2020 6:20 am

mathjak107 wrote:
Sun Aug 30, 2020 4:26 am

paul tudor jones also rates bitcoin dead last as a store of value

Image


https://www.forbes.com/sites/colinharpe ... 08fa38d50d
Yeah I saw that, but in the past he hated bitcoin as most ppl do here now. So quite an improvement :)
Anyway, I agree to keep it in the VP. Let's talk again in 10 years to see how it did.
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Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Post by technovelist » Mon Aug 31, 2020 7:38 am

StinkyToes wrote:
Sat Aug 29, 2020 6:32 am
https://winklevosscapital.com/the-case- ... k-bitcoin/

The PP was devised before Bitcoin was a thing. Is it time for PP to adapt? Would a 20/20/20/20/20 portfolio split between stocks, bonds, cash, gold, and Bitcoin be superior to the current version? What about a 24/24/24/24/4 portfolio? Or maybe 25/25/25/12.5/12.5?

Thoughts?
The PP was also devised before Beanie Babies were a thing.
That doesn't mean Beanie Babies should be part of the PP.
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