Elon Musk trolls Bitcoin, causes novelty Dogecoin to soar - To me, It's obvious that Elon Musk already owns a fat stack of Bitcoin. He is a pioneer in the tech revolution, he is primed to understand disruptive technologies. He also has a lot of rich friends whispering in his ear. He just enjoys meme-ing & shitposting on Twitter; he loves to stir his audience. As the Bitcoin price keeps rising & supply keeps falling, billionaires simply won't be able to ignore it. Crazy part is, if 10 billionaires put 10% of their wealth in tomorrow the price would pump hard - these prices are just getting started.
Stock markets aside, there is roughly $120T sitting in the bond market. Typically speaking bonds are purchased to offset stock market crashes & as liquidity to buy in cheap. In a deflationary environment bonds are fairly safe (to those who don't understand BTC), but if the value of the dollar runs away due to inflation - you're up shit creek. You're also at the mercy of interest rates; the lower they go, the less attractive the yield. If they drop too low, you're losing money in terms of buying power. I think bond money will soon pour into Bitcoin in a big way. Interest rates have to keep dropping to stimulate the economy. Yes Bitcoin doesn't offer returns by default, however it offers you a certainty of the overall supply & the potential for massive upside. It is immune to inflation, interest rates or any form of monetary manipulation.
As lending becomes safe (more decentralized) & more mainstream in Bitcoin, you'll only need to earn a couple percent return per annum in order to beat nearly any investment-vehicle. Regardless of any return, Bitcoin will most likely outperform every asset over the next 10 years. Bitcoin's value in terms of USD is very volatile, however it's unit of account cannot be debased. This provides the most certainty compared to all other asset classes - gold's supply is not fixed or cannot be accurately measured at any one point. I've change my view on gold; I think Bitcoin will swallow it whole one day. 5000 years of value doesn't matter when there's clearly something that does it's job better. As hard as it may be, cutting your losses (Gold in BTC value) may well be a smart move; it's still so early, so you have time. Funds & wealthy individuals are dumping their gold for Bitcoin - I can't see this trend slowing.
I'm a millennial & I understand the value of gold, because it's similar to Bitcoin's value proposition. However it's clear to me Bitcoin completely destroy gold's role as money. Using gold as money or a store of value in the digital age is just stupid. Storing it, is cumbersome & impractical. It's nowhere near as scarce & cannot be easily verified. The longer you study both, the more obvious it becomes. Silver is more valuable if anything, it has far more industrial use cases. Either way they both look like shitcoins compared to Bitcoin. My point is: Billionaires seem to be leading the next stage of the Bitcoin bull run. Their assets are in investment-vehicles priced in fiat currencies. It's just a matter of time before they're forced to jump because of inflation & interest rates. The Bitcoin supply is quickly running out & the FOMO is brewing. God-speed if you've if got the balls to short Bitcoin right now.