TD₿: Why Every Investor Needs to Consider Bitcoin as Portfolio Insurance by Greg Foss
TL;DR Bitcoin is a hedge against the credit risk and inflation risk present in the bond market today.
Hey Bitcoiners,
The pandemic and the government lockdowns have created economic calamities the likes of which the world has never seen before.
Supply chain disruptions, a tight labor market, sky-high inflation, and massive money printing from central banks and governments around the world are just a few of the developments we’ve seen unfold over the last couple of years.
Interestingly enough, one thing we have not seen is many credit rating downgrades or credit defaults throughout this turbulent time. The default rates remain low…around pre-pandemic levels.
Yet this could all change quickly as we’re seeing today in China as credit contagion continues to spread from the fallout of the Evergrande fiasco.
Greg Foss has +30 years of experience working in the credit markets, and he says that the real risk today is credit risk at the sovereign debt level.
In this in-depth report, Greg lays out his thesis on why every bond investor should own Bitcoin as insurance against the risk of sovereign defaults (04/01/2021).
As Greg likes to say, “Buy Bitcoin…it’s just math.”
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free Bitcoin today.
Quote of the Day
“Given that money is one half of every commercial transaction and that whole civilizations literally rise and fall based on the quality of their money, we are talking about an awesome power, one that flies under the cover of night.” - Ron Paul, Former Congressman from Texas
Meme of the Day
