Ex-Citi Chief Economist on Gold, Bitcoin and the Debasement of the US Dollar - Ep. 935

Ex-Citi Chief Economist on Gold, Bitcoin and the Debasement of the US Dollar - Ep. 935 – Unchained

Market views

Bullish

STABLES— Fully-backed, interest-bearing stablecoins will revolutionize digital payments and compete directly with traditional bank deposits, offering superior features and democratizing finance
TOKENIZED— Tokenized assets on blockchain will democratize finance by enabling broader market participation and facilitating both domestic and cross-border trading
CBDC— Central Bank Digital Currencies are an excellent idea that would eliminate physical currency and enable more effective monetary policy tools like negative interest rates

Bearish

XAU— Gold is in a 6,000 year bubble with very little intrinsic value, trading at $4,000+ purely on fragile beliefs about its store of value properties
BTC— Bitcoin is an extremely risky investment that should not be part of any well-structured portfolio, especially for institutional investors like central banks
BANKS— Traditional banks will lose deposits to well-designed stablecoins that offer interest payments and better features, disrupting traditional financial intermediation

Not investment advice.