I see a lot of people excited about the recent performance of Gold. Well I'm not here to pour cold water on anyone's investment, but I think it's good to look at everything in perspective. In the last 30 years this is how these assets have increased in price:
Gold: 5X
Exxon: 10X
Microsoft: 20X
Apple: 100X
And interestingly if you just look at the last ten years, the best overall investment has been (drum roll please)........
BITCOIN!
Yes, you read that correctly.
Over the past year, the two best stocks have been Nvidia and Microstrategy. Microstrategy is no surprise as it's basically a bet on Bitcoin as Michael Saylor has made MSTR predominantly a Bitcoin development company, and MSTR trades at a premium to Bitcoin.
Regarding gold, one should keep in mind that the only reason we value it is because it's (supposedly) scarce. However it's generally understood that the amount we've mined is just 1% of what's mineable in the land and sea. Think about it- If the price of gold goes up enough, they'll just start new gold mines and ramp up operations at existing mines, thereby increasing supply and thus bringing cost back down.
Bitcoin on the other hand is cryptographically limited to 21 million. By "cryptographically", what that means is that in order to produce more than 21 million, you would need to change how math itself works, for example you would need the power to make it so that 1+1 no longer equaled 2. In other words, 21 million is the hard cap limit.
Blackrock is investing in Bitcoin because it sees the USD collapsing as our government's 35 Trillion dollar debt is realistically not payable and default is just a matter of time.
Have a great day folks!
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