This is going to be short and sweet on my part.
I am going to let four videos below that just came out do the talking for me. You may not agree with the videos, but realize that the people speaking are very experienced, traditional finance people. This is very male. Very blunt and direct. They feel we are all in the fox hole and about to be over-run. The language is strong. Opinions are strong. The panic is now and in the Bond market, so this is not directed at only at crypto focused investors.
The LOTM theme for more than a year has been Hard Assets and Crypto. It has not been a pleasant run, especially in 2022. Now the rest of Wall Street seems to be singing the Crypto / Hard Asset song. It is still early days.
Jefferies, a prominent global investment bank, advises long-term investors, particularly pension funds, to allocate 10% of their portfolios to Bitcoin, denominated in U.S. dollars. The bank underscores the importance of considering investments in Bitcoin and gold as insurance measures rather than short-term trades. Linked here
The videos below:
Avoiding the Debt Spiral with Bitcoin – Pacific Bitcoin 2023 – October 6, 2023, Swan
My CRAZY BTC Prediction DailyDoseCrypto October 7th, 2023 – an inflation hedge.
Crash or Boom? The Dollar in an Increasingly Multipolar World – Real Vision, September 29, 2023
The Global Wrecking Ball: Surging Yields, U.S Dollar & Oil – Blockworks Macro October 7th, 2023.
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From my past experiences, it feels like something big has broken or is very close to breaking. Short-term (three-months or less) Treasuries or hard assets (Oil & Gas, Timber, Farmland, Precious metals, Industrial metals and Bitcoin and Ethereum are safe havens. Note the comments in “Crash or Boom” in the videos above where the transition to hard assets is in the early stage and will last a decade. There are plenty of high dividend payers in the hard asset world.
The market prices could bet very volatile. Be very comfortable with what you own. Keep in mind that the inflation rate is the value of cash dollars losing purchasing power in reverse.
- BlackRock CEO Larry Fink Says Bitcoin Is An International Asset – Article, July 5, 2023, title linked
- Blackrock buys 5% of Sprott Physical Silver – May 21, 2023 SilverSeek title linked
LOTM Style – We are more a controlled speculator, than diversified investor or short-term trader. We allow 100% loss/risk on some purchases. Often, we dollar-cost-average into losing positions. Volatility is our friend, not something to be feared. We let our winners win, as much as possible. We do not like paying taxes. We love value, yet watch charts. Our goal is to find value stocks that might double in one to three-years.
Written October , 2023, by Tom Linzmeier, for Tom’s LOTM Blog at https://lotm.substack.com/.
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