Ronald Stöferle: In Gold We Trust
EXCERPT
[starting around 50mins in]
Now, in four years, at the next halving in 2024, the stock-to-flow ratio of bitcoin will be 121. So it will be an even harder currency than gold in 2024. From my point of view, it’s very binary. So if bitcoin should still be around in 2024, and I think so, I think it will be significantly higher
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Now, as I said before, bitcoin I think did a tremendous job during the whole crisis. It is up 26.7% year-to-date. So I think that bitcoins is steadily becoming, really, an asset that will also be considered more and more by institutional players.
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I think that in 3, 5, 10 years from now, it will just be normal to have a small allocation in digital assets.
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I think it’s really important to understand how our monetary system works. And I think that gold is one (let’s say) insurance against those developments that we have to expect. But bitcoin is another good answer to it.
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