So what you're saying is, anything is better than being in the frying pan. How carefully did you look before leaping?
The steep trajectory is worrisome when combined with the higher interest rates needed to fund it. It takes $315 billion extra government spending to service interest expense on the debt for each 1% increase in treasury rates. That's 5% of the entire federal budget for each 1% increase. The issue is what if interest rates don't come back down and the government doesn't get spending under control?
Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. Today they are at zero. Because it was a scam. Gold has economical value as it is used as metal. Bitcoin is pure air. But air has no value as we have plenty of it for free. https://www.businessinsider.com/tec...own-went-bankrupt-in-last-decade-2019-11?op=1 The 13 biggest tech company failures in the last 10 years https://www.businessinsider.com/13-...t-disappeared-in-the-past-decade-2019-12?op=1 13 once-beloved companies that disappeared in the past decade
I understand risk and uncertainty, not putting all your eggs in one basket. I've been wrong many times before. That lots of smart people see things differently regarding Bitcoin is not lost on me.
Well past performance is not...etc, etc. But it IS based on past performance over 14 years. I've estimated 70% down from the next ATH, a year+ after the next ATH 3 years from now. That approximates 14 years, past performance extrapolated forward at a time when the government is printing money and in every other way (warmongering) destroying the world's prime currency. Banks about to fail again like 2008, and bailed out likewise, again, as politicians choose winners and losers. Not exactly seat of the pants. Don't have to be a prophet. Fortunately I no longer depend on forecasts like this and will do ok, if not better, no matter what it does, or no matter what Senator Warren does.
You can't store savings in the air. But you can on a secure cryptographic ledger network with the expectation that larger pools of capital will discover the usefulness of it's strong points.