Boomers are in for a rude awakening

Boomers are in for a rude awakening

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In the next recession, if bitcoin doesnt pump, we are fucked, because that means its not even a store of value. Trust in crypto will drop if gold turns out to be the winner in a recession.

Nah Gold will not save us.
>Oil will

>mfw hoard btc and gold
ill be rich either way faggots bring it on

What's a good entry point for the SP500 in case of recession? 1700-1900?

500

If Peter Schiff is correct, there is no bottom, this will be the big one.

I'm sitting on 110k in cash specifically just for this. Bring it on.

>aramco listing looming
dont just say things fgt.

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>sitting in fiat on a recession

Put it on gold, then buy fiat at the bottom then stocks at the bottom.

Peter Schiff is a broken clock. He's been spewing the same doomsday economic collapse nonsense since 2007. He's trying to sell his gold. That's why he hates Bitcoin.

Isn't this exactly what they said before 08?

gold has been trending down for sometime

Yeah, but in a recession its sure to pump.

>buy high sell low
Just get back to fb, retard

I’m 22 and starting to put my savings into VTI on Robinhood. Gonna move it to a Roth IRA when I get a big enough sum. I just started so it’s not a huge issue to stop or move it but it’s there somewhere better I could put it? I’m cool with buying physical gold but I’d rather put it in a gold etf or something a bit more liquid. I’m in crypto just not super heavily.

why the fuck would bitcoin pump during a recession? recession implies people are hurting for cash, I don't see people wanting to to hold a digital asset like BTC during those times, in the same way other 'luxury' assets get dumped in those markets

Soon frens

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For the same reason that gold pumps, because its a store of value that people use to protect their assets. If bitcoin trends down, it means its not even a good way to store value.

Shit is this real?

Gold only tends to pump near the end of a recession in recent decades, and due to the uneven distribution of BTC (i.e. a small number of people control the majority of coins) and the fact those coins would've been purchased for next to nothing of its' current value, I see BTC's price plummeting in a recession. There isn't enough history for it to be a store of value yet, it's far too volatile. Over time, I think it will stabilise (the % swings are becoming less harsh over the years) but not for a long while

I have lots of books that say 'YES'

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100% real
As above so below fren

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