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We that we need to understand for example where I remember when uh bitcoin fell dramatically no I i put a 2024 let us take a stab at it halloween krueger voorhees shirt tweet with the performance of bitcoin relative to the argentine peso the uh mexican peso the russian ruble the venezuelan bolivar etc I mean seriously there’s in a decade you don’t even want to talk about it so the other problem but now the problem that we need to understand is whether cryptocurrencies behave counter cyclically to financial assets and in my opinion they don’t they’re in my opinion you need to understand that that it’s not a defense in a portfolio if you you want to invest in cryptocurrencies and you want to see them for the long term you have to remember that they are startup currencies that they’re not a reserve of value yet that they’re not means of payment  2024 let us take a stab at it halloween krueger voorhees shirt.

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generalized use yet and they’re definitely not units of measure that’s fine we not we know that they’re not money yet they’re startup currencies and 2024 let us take a stab at it halloween krueger voorhees shirt the other thing that we need to understand is that they don’t behave they don’t work counter cyclically to the performance of other financial assets no so so in a portfolio they don’t reduce volatility certainly and they don’t reduce beta exposure they exacerbate exacerbated yeah that uh that’s a back tested fact as we like to say uh at hegei I mean I i didn’t tell the back test to do that it just is that you know the only the only time quite literally the only time that crypto and you can pick any crypto because they all you know directionally
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