Monday, March 30, 2020

Joe Weisenthal: Why Gold is Beating Bitcoin

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).


1 comment:

  1. Bitcoin has more risk. It has to have the internet, electricity, computers, etc to work. Gold has no counterparty risk.