Yeah, fair point. For me, I go back to a Druckenmiller interview, where he focuses on the timescale i.e. the longer people have faith in something, the more credible it becomes. And I don't have enough faith in bitcoin yet to embrace it.
This is the problem, isn't it? A strategic reserve means that all citizens are forced to be involved in this religion. Where's the Church/State division?
The discourse online can be toxic, so if it's not good for you, smart to get off. I should really too - even a mostly great place like here still has the occasional person saying stoopid things that wind me up - but I also would have missed Viking on FFH. Definitely one has to moderate these things. Best wishes.
Thanks for reviving this - fascinating, but I also think important to have the occasional reminder of what CAN happen, and try to think what you might do if it did (though that environment was the proverbial Tyson 'Punch in the Face' where a plan doesn't necessarily help...
@rkbabang Just wanted to say thanks for this recommendation. No press for it in the UK. Completely crazy! Reminded me a little of a smaller scale Tiger King, in that you keep saying, 'WTF?'.
@TwoCitiesCapital This is sounding more and more right to me - having capitulated & sold last year! Was about 2-3 years of detioriation, and I couldn't see it any more.
I recently bought a bit of Tencent before it ran away today - always thought it was highest quality large-cap with great management, so hope it's a set and forget for a decade or two.