Portfolio Strategy, Macro, Chief Investment Officer
Contributor Since 2013
Dear Santa, please could I have 0.01 of a Bitcoin? My Dad tells me I’m mad to ask. He says it’s just a bubble and that it will be worth a lot less in a year. Well I checked his investments out on his Bloomberg when he wasn’t looking and he’s got a whole load of bonds with the neumonic JUNK so what does he know? He offered me some brand new dollars covered in the faces of dead people and from a country which is run by a “dead man walking” well that’s at least what my Dad called Donald Trump last week. Anyway it seems to me everyone has these dollar notes so I want to be different. He also said my Bitcoin would be hacked and I would lose it all. There again, my Dad lost his ATM card the other week and the bank wasn’t keen to give him his money. Dad said that even if you managed to bring it on your sleigh I wouldn’t be able to spend it. But I hear the Japanese are happy to take it and I’m in the market for a robot sometime next year.
PS. Sorry Santa, if the elves haven’t mined enough Bitcoin, Ethereum would do as well.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.