You Don't Buy Gold To Get Rich

You don't buy gold to get rich. You buy gold to stay rich. Most people who are buying Bitcoin are doing so to get rich. The problem with putting too much money into something that has the potential to make you rich is that it also has an even greater potential to make you poor.

Bitcoin: Supply & Demand Dynamics

The price of Bitcoin is set by supply and demand. The problem for Bitcoin HODLers is that the future supply of people who own Bitcoin and need to sell will exceed the demand from people who don't own Bitcoin and want to buy. All Bitcoin owners need to sell. No one needs to buy.

Fed Policy Has Failed To Produce Real Economic Growth

The Senior Economic Reporter on CNBC claims the weak jobs report vindicates Fed policy. It actually confirms the opposite. Fed policy has failed to produce real economic growth. April's anemic Jobs Report proves the Federal Reserve only succeeded in creating inflation and blowing bubbles.

Bitcoin & Gold

Gold falling and Bitcoin rising in the face of massive money printing doesn't mean Bitcoin has replaced gold as the preferred store of value. In reality, investors are not buying gold because they're not worried about inflation. They're confident the Federal Reserve has it under control.

Inflation Is A Big Threat

Those who think inflation isn't a threat and the Federal Reserve will stay loose are wrong. Those who think inflation is a threat and the Federal Reserve will tighten are wrong. Inflation is a bigger threat than the latter thinks, but the Federal Reserve will ease further to support asset prices and consumption.

Also exploding federal budget deficits, and a new housing bubble, leaves both the public and private sector extremely vulnerable to rising interest rates. So as inflation expectations push rates up, the Federal Reserve will crank up QE to push them back down to prevent a financial crisis.

High Inflation Is Bullish For Gold, Bearish For Nasdaq Stocks!

While high inflation is very bullish for gold, historically it has been very bearish for high-multiple growth stocks. Instead of dumping their gold and gold mining stocks due to rising inflation and higher bond yields, investors should be selling NASDAQ stocks.

Cryptos: There's No Substantive Difference Between Bitcoin and Dogecoin

All of those Bitcoin bugs, like Novogratz criticizing Elon Musk for promoting Dogecoin can't see the irony that there is no substantive difference between Bitcoin and Dogecoin. In fact, Dogecoin, despite its being started as a joke, is arguably the superior crypto currency!