110 sats \ 0 replies \ @blocktock 8 Sep 2022 \ parent \ on: Daily discussion thread
For many people with traditional portfolios they should work-out how to short the market. Nasdaq and S&P500 will be down another 50% in 6 months time. Many many companies will go under. There are many inverse products out there and many zombie companies to target.
Your Bitcoin stash is all well and good, but being on the other side when stonks and asset prices collapse at the fastest rate in history is going to go someway to offset the decreased standards of living in the coming years. Arthur Hayes' post about having BTC as an exit is spot-on but having some fiat to play around with will also help significantly. Not even brrr can stop this in the next 6 months. Governments are actively driving the economy into the ground for now, under the cover of 'getting inflation down'.