Today, I purchased my first item, or thing…… with the old ‘Bitcoin’.
It cost me, 0.00011000 BTC, or £3.22!
Here’s a screenshot.
This purchase took roughly 3 minutes from start to finish.
I’ve got more to do today. I just thought I’d let you know.
Just because you live on a narrowboat doesn’t mean you can’t buy Bitcoin!
Not wanting to be boring or obvious, but things are changing in the asset classes of finance.
Gold and the Dollar
An asset is something someone who has capital (money), to put their capital (money) into in the hope that the value of that asset will increase over time.
Traditional hedges have been the yellow stuff and the greenback.
Since the start of the pandemic, gold especially has seen it’s once unchallenged status as ‘safe haven’ removed.
Berkshire Hathaway’s Warren Buffet dropped his holding in Barrick Gold Corp just last week, stating, ‘It’s not what it used to be’.
I’ve witnessed this myself. Gold’s disconnected entirely with risk events, like pandemics or wars, or anything else you care to mention.
The main risk event on the horizon at the moment is this one
As the vaccine roll-out increases and punters return to everyday life as pre-pandemic. They will have large stores of cash, to spend on, whatever.
This increased spending on – whatever – will lead to a spike in inflation as shoppers hit the streets looking to spend, spend, spend.
Bitcoin is not a traditional fiat denomination.
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