Betting On A Greater Fool: Bitcoin & Gold Edition
December 1, 2020
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The bets were exactly the same: That we would retest former all-time highs.
So now what?
Well we've been waiting patiently. I think both have a high likelihood of breaking out to new highs and beginning a new leg higher, like 2016 in Bitcoin and 2004 in Gold.
The question is: How long will it take?
That I don't know. So why rush?
- We want to own Gold if it's above the 2011 highs. If it's below that, then this useless rock is someone else's problem.
- We want to own Bitcoin if it's above the 2017 highs. If it's below that, then this almost useless currency is someone else's problem.
What's wrong with that?
JC
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