This is big.
The very popular Bloomberg editor Joe Weisenthal writes today in his @markets
newsletter why COVID-19 panic is "really showing why the original safe haven is still king."
His case is almost a discombobulated version of the regression theorem.
Weisenthal gets a lot wrong in his argument but you can see he is really struggling to get to the regression theorem (highlights in original).
Bitcoin has more risk. It has to have the internet, electricity, computers, etc to work. Gold has no counterparty risk.
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