/biz/ - Business & Finance

>>15137842
>>15137886
Generational impact:

This is part of a lot of macro investors (dudes managing billions, not dudes managing their lunch money) thesis. Bitcoin = millennial gold. It has some big advantages over gold - ease of moving to other currencies and such - so it may outperform. Hard to say.

>>15137853
Hedge using bitcoin? A small allocation of a large portfolio may make sense. Depends on your exposure.

Will alts die? Most likely, there may be some long-term use cases but new iterations of the same concept threaten the value of individual alts.

Chainlink? The mere proliferation of smart contract coins proves the consolidation thesis. I wouldn't bet on the long-term success of any altcoins.

>>15137872
Barclays? No, I don't work for a euro shitbank.

>>15137948
It is a good question. Pic related is a stock-flow model that a lot of macro whales have been throwing around that 'justifies' a very very long-term 100 trillion dollar market cap.

Scarcity is assumed to be a good thing, not a thing that will break the transaction protocol.

Gold's market cap is ~7.7 trillion. I don't think bitcoin will exceed gold in the near future.

>>15137941
Literally no one that is reputable at all invests in shitcoins. The only people with 'money' are shitty crypto 'hedge funds' in silicon valley. Or as we call it on the street, Sillycon Valley. Tech bros are idiots.