You Have 300 Days Left To Buy Bitcoin
Throughout 2022 many theories are surfacing that Bitcoin is useless as a hedge against inflation. These same people say that the only asset that hedges against inflation is gold, and, believe it or not, I couldn’t agree more.
So far this year, Bitcoin has fallen by more than 50%, while gold has barely fallen by 2%. This means that it has performed infinitely better than Bitcoin. However, when we look at the long term, we see that gold over the last ten years has virtually failed to beat the high it set in September 2011. More than ten years of negative returns…
In the long term, gold can be an excellent option against fiat money, I do not doubt it, but if what you really want is to make money, you have to look for other options. Perhaps the easiest for any investor is stocks. Below is the performance against gold (yellow line) and silver.
Today I bring you an option with a much higher potential return than the SP500 or the Dow Jones, Bitcoin. Bitcoin, unlike gold, has economic properties based on mathematics and austerity, which makes it an infinitely better long-term asset than gold and silver. Although in the short term, it may give us that false sensation of not behaving well in the face of inflation.
In November 2021, QT and interest rate hikes were announced. This was done because the price of commodities began to spiral out of control and, consequently, inflation. This event detonated the cryptocurrency market, where it went from a Market Cap of over $3T to just under $1T.
The Bitcoin price touched December 2017 highs, and for many, the Bitcoin price was 0. For others, including myself, it is a historic opportunity to get rich.
The rich get richer during bear markets, and who’s to say that we won’t see Bitcoin at these prices ever again?