Crypto analyst Jamie Coutts says gold will vastly underperform digital assets in the current market cycle.
Coutts says on social media platform
“AUM (assets under management) for crypto exchange-traded products (ETPs) approximately $100 billion (80% Bitcoin).
AUM for gold ETP approximately $190 billion.
I'm bullish on gold, but it won't match the expected 2-3x that cryptocurrencies should do this cycle.
“This is the birth of the new asset class.”
Coutts compares Bitcoin (btc) and cryptocurrencies now up to the stock market boom of the early 1980s. According to the analyst, millennials will likely be able to beat inflation with cryptocurrencies in the same way that baby boomers did with their stock investments during the last 40 years.
“2009 is to Millennials what 1982 is to Boomers.
The great secular bull market in stocks began when boomers entered the workforce fully.
The great secular bull market for Bitcoin (and blockchain assets in general) was launched as millennials entered the workforce at a time when governments and the boomer generation they represented decided to punish all subsequent generations for their own sins. .
No one was punished by the GFC: bonuses were respected, and regulatory capture by industry (too big to fail banks, big food, big pharma, and big tech) only got worse. The government has decided that the way forward is more debt and degradation than cuts and honesty.
Bitcoin is the antidote, tailor-made for the age of debasement and debt: a new form of hard money synthesized with technology, a financial network that was finally fair and transparent. Furthermore, it is an asset that one can self-custody away from the banks and governments that will confiscate it when the need arises, as they have done throughout history and are doing today through inflation.”
At the time of writing, BTC is trading at $64,342.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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