I don't think one can safely conflate monetarily the rest of the Crypto currency market with BTC. The groundswell of support for BTC as a AAA rating hedge is becoming a Hans Solo. Disclosure I am not a BTC maxi,'m a disappointed Gold bug at heart.
Yeah been out awhile now. Sold all my cryptos and swapped it for corn and wheat etfs, pdbc, sprott's sppp, gdxu, silj junior miners, marathon oil and bno brent oil and up about 15 percent since. It all has dropped slightly and sppp is in the red 10 or 15 bucks but im just going to let these ride for awhile and let them play out. They are looking bullish on the charts and thats good enough for me. Ill be back into cryptos once the dust settles. I like that action and i dont think theyve found their true value yet by any means but i do know i want a part of it when it comes.
All looks like a good to great bet for 12 to 24 months Except silj junior miners, doesnt seem to fit the other narrative ie you dont think there will be a pan european war, but without it will silver double, rerating the miners?
Seems like the miners have a way to go and havent been taking much part in the rise in metals. The upcoming bull run should bring all that back together and i dont think the war matters much for it. If anything Putin is great for gold and the dollar is on its way out. We will probably see the markets and gold rising in tandem soon as they keep pumping BILLIONS in and the cpi ticks upward. Thats just my guess but who really knows haha. Ive been surprised before and its a rigged game.
That would make sense for the reserve currency if thats what its showing, but look at the 50 year gold chart. Its not quite as supportive. The dollar is like the best looking girl in the bar at 2 am after youve had 6 beers and youre thinking with the other head. You better have a bag to put on the dog's head so he doesnt laugh at you in the morning.
It's showing the various currencies as reserve assets. The dollar is not on its way out. CBs (and institutions) stack treasury securities denominated in USD in preference to all other reserve assets. That is not going to change.
https://plus2.credit-suisse.com/shorturlpdf.html?v=51io-WTBd-V Related reading. Zoltan Poszar explains why commodities are money, and why in this new world, no government is going to want faith-based reserves (treasuries, etc.) when they can have commodity reserves instead (oil, gold, non-ferrous metals, real resources).
I already told you, they can be sold or lent but either way eventually they'll mature, the holders will be credited and the Treasury securities destroyed. Banks and funds basically have to hold treasuries on their balance sheets. There are no alternatives that are risk free.
