Unidentified Guest

If you're just looking at trading, Bitcoin in no way is moving like an inflation hedge. You know, if you lay a A gold graph over a Bitcoin graph, they don't resemble each other at all. Gold, as you just point out, hitting new highs. People are very bullish, especially as inflation continues to be sticky.

And Bitcoin has never traded that way, even though that's one of the selling points for Bitcoin is that it's not affected by inflation. So it's a place to store wealth during times of inflation. It's never actually been used that way. At least there's no evidence that it's being used that way.

And Bitcoin has never traded that way, even though that's one of the selling points for Bitcoin is that it's not affected by inflation. So it's a place to store wealth during times of inflation. It's never actually been used that way. At least there's no evidence that it's being used that way.

And Bitcoin has never traded that way, even though that's one of the selling points for Bitcoin is that it's not affected by inflation. So it's a place to store wealth during times of inflation. It's never actually been used that way. At least there's no evidence that it's being used that way.

So in the near term, Bitcoin still moves like a risk asset as opposed to gold, which is sort of the anti-risk asset. As it stands now, I would see those as separate trading nexuses. Different investors are interested in Bitcoin than are interested in gold, even if theoretically there's some kind of overlap.

So in the near term, Bitcoin still moves like a risk asset as opposed to gold, which is sort of the anti-risk asset. As it stands now, I would see those as separate trading nexuses. Different investors are interested in Bitcoin than are interested in gold, even if theoretically there's some kind of overlap.

So in the near term, Bitcoin still moves like a risk asset as opposed to gold, which is sort of the anti-risk asset. As it stands now, I would see those as separate trading nexuses. Different investors are interested in Bitcoin than are interested in gold, even if theoretically there's some kind of overlap.

Yeah, I mean, I think part of the complicating factor in terms of that is I don't know that Bitcoin saturation has reached a point where it can... That kind of strategizing can be a real leverage for the price. And by that, I mean... Not enough people hold it for it to be a real alternative to gold in that way. So the people who are buying Bitcoin are buying it for different reasons than that.

Yeah, I mean, I think part of the complicating factor in terms of that is I don't know that Bitcoin saturation has reached a point where it can... That kind of strategizing can be a real leverage for the price. And by that, I mean... Not enough people hold it for it to be a real alternative to gold in that way. So the people who are buying Bitcoin are buying it for different reasons than that.

Yeah, I mean, I think part of the complicating factor in terms of that is I don't know that Bitcoin saturation has reached a point where it can... That kind of strategizing can be a real leverage for the price. And by that, I mean... Not enough people hold it for it to be a real alternative to gold in that way. So the people who are buying Bitcoin are buying it for different reasons than that.

But like you're pointing out in kind of a theoretical sense and just sort of the structure of how Bitcoin works and the structure of how gold works, there is an argument that Bitcoin would be a better inflation hedge than gold. Because we're still mining new gold in the way that the Bitcoin mining operations are much more predictable than the amount of gold in the world.

But like you're pointing out in kind of a theoretical sense and just sort of the structure of how Bitcoin works and the structure of how gold works, there is an argument that Bitcoin would be a better inflation hedge than gold. Because we're still mining new gold in the way that the Bitcoin mining operations are much more predictable than the amount of gold in the world.

But like you're pointing out in kind of a theoretical sense and just sort of the structure of how Bitcoin works and the structure of how gold works, there is an argument that Bitcoin would be a better inflation hedge than gold. Because we're still mining new gold in the way that the Bitcoin mining operations are much more predictable than the amount of gold in the world.

Looking, you know, whatever timeframe far in the future you want to look, 10 years, 100 years, whatever, as long as... you sort of grant that Bitcoin is going to become sort of ubiquitous in people's portfolio, there could conceivably be a chance. Because eventually, if everyone who would want to buy Bitcoin eventually buys it, then there's nothing to push Bitcoin higher.

Looking, you know, whatever timeframe far in the future you want to look, 10 years, 100 years, whatever, as long as... you sort of grant that Bitcoin is going to become sort of ubiquitous in people's portfolio, there could conceivably be a chance. Because eventually, if everyone who would want to buy Bitcoin eventually buys it, then there's nothing to push Bitcoin higher.

Looking, you know, whatever timeframe far in the future you want to look, 10 years, 100 years, whatever, as long as... you sort of grant that Bitcoin is going to become sort of ubiquitous in people's portfolio, there could conceivably be a chance. Because eventually, if everyone who would want to buy Bitcoin eventually buys it, then there's nothing to push Bitcoin higher.

I mean, Bitcoin doesn't have earnings. It's not going to grow revenue. So there is theoretically at some point in the long, long-term horizon where Bitcoin sort of reaches a plateau. And at that point, when it hits that plateau, then yeah, maybe it moves like gold.

I mean, Bitcoin doesn't have earnings. It's not going to grow revenue. So there is theoretically at some point in the long, long-term horizon where Bitcoin sort of reaches a plateau. And at that point, when it hits that plateau, then yeah, maybe it moves like gold.

I mean, Bitcoin doesn't have earnings. It's not going to grow revenue. So there is theoretically at some point in the long, long-term horizon where Bitcoin sort of reaches a plateau. And at that point, when it hits that plateau, then yeah, maybe it moves like gold.

So it's just like your interest in Bitcoin is just sort of moving it around like a currency where you're holding dollars, you're holding Bitcoin, you're holding yen, whatever you think is sort of the best currency in that moment. But we're so far from that point at this point that I think the macro factors are