That’s the problem, there is no way out and the Europe will probably end like Japan in an economic
ice age with an old unproductive population. It’s either inflation or default.
Deflation was created by technology, cheap energy and globalisation, now these times have ended with the rising conflicts, babyboomers retiring and nuclear power plants beeing shut down left and right. I agree policy maker want inflation to get out of debt, still it’s a hidden tax especially on the poor.
Here a chart UBS vs SP500, I wouldn’t call that a confidence vote from the market. I will spare you a comparison to BTC .
I don’t want too attack anybody working there or in another bank. I was a UBS (and also CS, Raiffeisen, Postfinance,…) client for decades and my wife has been working for UBS for a while, my assitant worked at CS for nearly 20 years and started as aprentice so I know a bit about the culture and processes. I just think traditional banks are being drowed in old structures, false incentives, regulation and compliance and too big and old to adapt to todays technologies. At some point in the not too far in the future they will be fully replaced. My best guess is by DeFi which will be safe and easy to use in about 5-10 years and probably a CBDC account at the SNB.
I have checked my locked DOT’s and BTC today and even wasted a second to consider buying into to have even numbers, a clear indication that it’s just a pump and we should be at the top only going down from now on
Since 2011 when considering annualized returns, Bitcoin’s rate of return stands at 230%, which is 10 times higher than the second-best performing asset class, the Nasdaq 100 Index.
Over the same period, large US stocks experienced an annualized return of 14%, high-yield bonds saw a growth of 5.4%, and gold had a return rate of 1.5%.
FOMO is usually a pretty good indicator that we don’t have real conviction behind an asset, that is, enough for us to have invested in it when it was presumably undervalued, but that we are rather following the crowd.
While this may (or may not) be a good time to put money into Bitcoin, I don’t believe following the crowd is a good strategy when it comes to investing processes. I try to stay away from the products I feel FOMO for.
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