Famed economist Nouriel Roubini argues that retail investors with “fear of missing out” are going to get crushed by investing in Bitcoin during its latest run higher.“I think that some of the movement upward is driven not by worries about inflation or debasement of fiat currencies because gold is not going up very much, TIPS (Treasury Inflation-Protected Securities) are not going up very much. Why would just Bitcoin be a hedge against inflation and a debasement of fiat currency? There must be something else — something else is there is massive manipulation,” Roubini said.
https://finance.yahoo.com/news/nouriel-roubini-on-bitcoin-price-surge-215856375.html
As Prof. Roubini points out, for thousands of years, the real hedging against inflation has been gold. , Bitcoin cannot be used to hedge against inflation. Large investing firms are well aware of this and already started returning to gold. POG will go up significantly as a result and shareholders of small MC companies like LSR that own excellent prospective gold lands will benefit immensely.
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Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $2.650M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $3K | 2M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
56 | 108800405 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 26201247 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
56 | 108800405 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 26201247 | 3 |
0.003 | 27737774 | 13 |
0.004 | 19558632 | 16 |
0.005 | 9063010 | 4 |
0.006 | 2528520 | 3 |
Last trade - 12.02pm 03/09/2024 (20 minute delay) ? |
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