Raoul Paul shared: Bitcoin IS correlated with risk in the short term, of course, it does, it’s an asset and they all do! It is subject to short-term liquidity and behavior, but its long-term trend is EXPONENTIAL, unlike most other risk assets. I don’t know why people struggle with this…NOISE.

Community Response:

“I don’t know why people struggle with this”? Perhaps because some people see that most BTC is owned by the .01%, Govts, or just lost. BTC is a manifestation of the problems with fiat currency, but it is not the solution.

Should we at least try to sidestep some of these liquidity crises/massive drawdowns?

6 months ago you predicted 400,000 dollars bitcoin by last month. When can we now expect it to get there?

I didn’t and reminder – being a dick doesn’t make you popular.

That’s not what the recent performance showed RaoulGMI. Gold + swiss franc +  dxy showed a negative risk correlation. BTC is risk correlated + an enterprise valued price, not an SoV. That doesn’t make it bad. Doesn’t make the others good. Just different.

Well according to you BTC and especially Eth Should be already 5x higher so whatever.

Still, just holding 1 BTC??

Yes – 1 or 2 haven’t checked. Don’t check often. Rest is in ETH and a few others. Same.

Most noise we hear from the Crypto industry is basically from this short-term investor who needs quick money.

What do you think of that chart of BTC/Nasdaq? Help to navigate on the LT and show that we are at the same level as the ATH of 2017.

It was exponential in the early days. Seems to be slowing nowadays. Best long-term investment surely.

See log chart for details – all trends slow and speed up. It’s the bigger picture that matters.

That is a sound idea, but I thought you swapped your BTC for eth.

I have.

It’s an emerging store of value that is what you are putting your money on. How people expect something in its infancy to be perfect 100% is beyond belief.

Thoughts in ETH?

Same, just a bit further out the risk curve… but only just.

What are your opinions on ETH’s decentralized point of failure via Infura and MetaMask, plus the scalability and cost of a transaction that will be very be solved, not even with ETH 2.0 is not gonna be finished soon?

The issue is not that ETH gets frozen. This is what I mean: By default, MetaMask accesses the blockchain via Infura, which is unavailable to persons in certain jurisdictions due to specific comprehensive sanctions programs enacted by the U.S. government.

This is a bit of reconsideration for you since last year, correct? Then you had kinda moved on from it, sold most of it Have global conditions had you reconsider or the tech/asset itself?

I am still 100% long crypto, of that, helps

Sure I get that, I meant on BTC.

I used BTC as a generic as it’s the lower-risk asset in the pack.

BTC has been trading like a long XLK short XLE pair.  Leveraged for the future but not without the speedbumps of the past.  Today was a good day to remind us where we are going to the moon.

Monero. It’s what Bitcoin was meant to be.

With the current global inflation and the turbulent international economic situation, although Bitcoin is recognized and circulated by more and more countries, long-term holding also has uncontrollable risks.

Also, if you’re betting that BTC won’t go down, then you’re betting that eth won’t either (in the scope of the current war fears only), so L1’s (with good fundamentals) should farewell as well. You got 60-70% discounts everywhere, so do what you think is best.

Think it’s because people keep distracting them with short-term, arbitrage derivative scams instead of deeply studying the freedom technology.