Precious metals still have industrial applications, unlike Bitcoin. I originally thought Bitcoin would be a hedge against inflation because of scarcity/finite number but that has proven not to be the case.
I am really watching Cathie Wood closely, she is either the smartest person in the room or the dumbest, after doubling down on Grayscale last week
“I am really watching Cathie Wood closely, she is either the smartest person in the room or the dumbest, after doubling down on Grayscale last week”
sounds like you’re paying attention ... as best as i can tell cathie wood is the dumbest, as she has an incredible record of picking major losers across the board ... she’s also made insane claims, like bitcoin was going to go to one million dollars each ... grayscale is a total loser: it’s a closed end fund whose shareholders can sell only to other people who want to be shareholders and is selling at about 46% discount to the underlying bitcoin that it holds, and has pretty much no chance of every being worth anything unless it can be converted to an ETF, which has been repeatedly rejected by U.S. regulating bodies ...