I agree that 2020 has been quite a tremendous year of ups and downs, definitely "one for the history books"
Craziness will continue
I think your also right, that the craziness hasn't stopped yet, as the effects of the government increasing the dollar supply on inflation and devaluation of the USD has so far be felt I think by flight to gold and now Bitcoin.
Different Bitcoin Bull run
But this time it feels different. While normally we would be cautiously awaiting the inevitable profit taking that follows a run such as this, I suspect the current Bitcoin Hodlers are a different breed and different mindset. Non cryptocurrency types now hold Bitcoin, and I suspect they are in it for the long haul.
A new asset class in traditional retirement planning
I think biweekly or monthly purchases of Bitcoin will become the new advice retirement planners give people. I also think retirement planners will either lump Bitcoin in with gold and precious metals as an asset class or create a new one. Deflationary Protection Asset n
Bold predictions perhaps
But looking at this year and the changes it brought to the world, somehow they don't seem bold enough.
What do you think?
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