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Here Comes Bitcoin, Ethereum and Collectables and Fire Your Robo-advisor

 

Here Comes Bitcoin, Ethereum and Collectables and Fire Your Robo-advisor

Courtesy of Howard Lindzon (originally published on July 26)

Bitcoin and Ethereum have surged the last few days. The talk this year has been about Gold and Silver, but if you look back 5 and 10 years, the currency debasement/money printing across the globe has pushed people and their money into the assets.

I have some money in all three (no silver) and to be honest I don’t really like seeing all three continue to beat the S&P. It is no wonder that there is a mad rush for collectables like we are seeing in our portfolio company Rally Rd.

Here is the 5 year charts:

Here is the 10 year charts:

I am not a macro guy, but a trend is a trend is a trend.

Next up some links….

Facebook in Bangladesh? This is a good read.

I never believed in Robo-advisors (high customer acquisition costs, low switching costs), and I expressed that by putting my money in the do-it yoursef investing space – Etoro, Robinhood Koyfin, YCharts, Stocktwits, Rally Rd etc…now we are seeing the user disgruntlement.

Morgan Housel’s excellent piece – 5 Stories that Got Us To Now.

Have a great Sunday.


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