Bond Market Fiasco Leads Investor to Bitcoin
Luke Broyles, a well-known Bitcoin advocate and content creator, recently shared his investment thesis for the digital asset on the latest episode of Cointelegraph's Market Talks. According to Broyles, he turned to Bitcoin as an alternative investment in 2020 after realizing that the bond market was broken.
A Diversified Portfolio No More
Broyles revealed that he no longer owns bonds and has sold off a significant portion of his stock portfolio over the past three years. By the end of the week, he plans to have only three assets in his portfolio: U.S. dollars, real estate, and Bitcoin. Despite the volatility, he claims to sleep better with this simplified approach.
The Everything Bubble
Broyles believes that the current market is inflated and that nothing seems to make sense. He points to overvaluation in stocks, healthcare, real estate, and the education industry. As a result, people are losing faith in the dollar and their purchasing power, which make Bitcoin even more appealing as a supply-limited asset.
Don't Wait Too Long
When asked whether there is a "too late" point for buying Bitcoin, Broyles compared it to a sinking ship. He suggests that it is never too late to buy Bitcoin, but it will be too late to exit bonds and fiat currencies.
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