Thanks to crypto, the kinds of people who hung out on bitcointalk in 2012 are going to be allocating a *lot* of capital in coming decades. One of biggest spillover benefits of the space may be all the weird stuff they choose to back next.
-
-
I’ve no idea what will happen to crypto prices as a general matter... in this scenario, perhaps such an extreme hike would be taken to indicate a return to a more 70s-like regime, and back then interest rates and gold prices comoved!
-
Also not just thinking about gold but the wider (now utterly massive, in future even larger) universe of potential financial assets you could hold in say 2029
-
Yep. Although even setting those future issues aside, I presume(?) some holders have already exchanged their large crypto holdings—or some significant chunk thereof—for USD. And so I suspect asset class already large enough to trigger the effect.
-
The effect being people take capital gains from crypto, pay taxes on that, then use that to stake Son of Stripe, etc., then Grandson of Stripe if 1st round successful?
কথা-বার্তা শেষ
নতুন কথা-বার্তা -
-
-
Why are tech equities ok under this scenario? Growth assets r most vulnerable to changes in rate assumptions. Also think under this scenario, which is potentially financial armageddon, bitcoin (safe haven store of value of sorts) decouples from other crypto
-
Wouldn't describe it as armageddon--more a monetary response to some event like a big inflation. 2007/8 far worse relatively. Tech stocks have viable businesses inside some of them, so can adjust & remain profitable. Others less so obv. Bitcoin and all crypto I'm far less sure of
-
Can remain profitable but I was referring to valuations which would see a significant de-rating - note at 15% rates the US Govt balance sheet is broken and would need to default so cant see that happening but if did would be armageddon
-
Not sure US would default necessarily. Could well extend/pretend. At the remove Patrick is talking about far more likely is a wall of savings from SE Asia washes over US econ as capital controls lift. Same problem, just reversed. Not sure BTC the asset you want then either.
কথা-বার্তা শেষ
নতুন কথা-বার্তা -
-
-
that is exactly what would happen at the first stages of a bitcoinization.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
-
লোড হতে বেশ কিছুক্ষণ সময় নিচ্ছে।
টুইটার তার ক্ষমতার বাইরে চলে গেছে বা কোনো সাময়িক সমস্যার সম্মুখীন হয়েছে আবার চেষ্টা করুন বা আরও তথ্যের জন্য টুইটারের স্থিতি দেখুন।