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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "Dalio: I'd Rather Have Bitcoin Than a Bond" video.
Bond short squeeze incoming...once they lose control of the meme plays there will be a serious of domino's due to margin calls and fire sales. Bitcoin and gold are both insurance; same audience just different age groups; neither give you a coupon and both subject to inspection to ensure taxes are paid upon transaction - also both have paper markets that are useless and full of retail folks getting taken advantage of. Neither will replace USD; we are ripe for a fall but our lie is deeper, and more liquid than anyone elses so we are still king.
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