Sorry but are you talking about gold ETFs ? Are gold ETFs productive and paying interest or dividends ? 
Let me think… I think you can buy Gold ETF on your Viac or Finpension strategy no ? And they are supposed to custody this gold somewhere for you and let me think you pay fee for that custody no ?
Perma bears have been out of the race for over 10 years now.
Hmm. Let me think 
… these boomers don’t accept innovation and will stay out of the game, and broke.
I think you completely misunderstood Dr. PI’s post. He is not against crypto (or at least this post doesn’t give a clue that he is), but against putting crypto in 3a accounts due to the reasons mentioned (no income generated that would be taxed in non-3a accounts, custody fees paid that you wouldn’t have to pay in non-3a accounts, paying tax on capital gains that you wouldn’t pay in non-3a accounts)…
3a is not a place for gold or crypto. But I was talking specifically about crypto, as per thread topic.
Yes, the point was that if you’re bullish on these non-income generating assets you should buy these using post-tax wealth.
Quite a rally going on - what do you seers think for BTC price EOY 2024?
Higher, much higher (NFA)
I’ll go conservatively and say at least 100k USD EOY 2024. With the halving coming up in April it might just go crazy. Quite excited to see what will happen in fact…
Btw, Bitcoin has increased 160% since last Christmas Eve 
Bitcoin Price on Christmas Day:
2010: $0.25
2011: $4.22
2012: $13.35
2013: $690
2014: $318
2015: $455
2016: $895
2017: $13,983
2018: $3,779
2019: $7,193
2020: $24,705
2021: $50,440
2022: $16,828
2023: $43,146
4-year cycle in display
Damn it, my only crypto investment was ETH 
You could say the same thing for NVDA 
Owning 0 Bitcoin and life is being good. 
Edit: reiterating my thesis that even if Bitcoin or another crypto becomes the sole universal currency, people who don’t own it yet will be eased into it and won’t loose much wealth doing so. There would just be a slew of new superichs (the early adopters) to join the legacy superichs, not so much change outside of that.
Who is losing all this wealth in the Great transfer? What’s the theory?
Real asset holders have been getting richer during this period, not poorer. Would they been even richer without BTC being around? Hard to tell, but my guess is that it doesn’t move the needle too much.
Anyhow my point is that you shouldn’t get sucked into Sticking it to billionaires or other such narratives when you talk about the great wealth transfer.
It’s likely that most of what you consider BTC wealth has been created by BTC holders, not transferred from non-holders.
Just my thoughts, no hard data on any of itm
I’m talking about people that never bought any BTC. They had no effect on BTC price, and contributed no money towards it. Their wealth has only been affected by relative drop in demand for assets they hold (real estate, stocks, bonds…). It’s not obvious that it has been a big effect.
The circle of BTC holders is growing, yes, and if it continues to grow rapidly it might become some great wealth transfer in the future, but that’s not the case yet by any measure, IMO
The approval of BTC ETFs would surely encourage more lay people with no understanding about the role of money or crypto to “add 1 or 2% of BTC to their portfolio”
At that point don’t we have a transfer for wealth on a much bigger scale ?
The transfer is realized only when it gets cashed out in hard currency tho, might ride the wave up, but can still go down (and history shows up it can be very volatile).
Whatever it is, I think people gave up on the currency aspect nobody claims to be living purely on bitcoin anymore. Best case it’s a commodity similar to gold.
Happy New Year at 45k 
Spot ETFs approved.
To the moon?
