In 2020 I created an investing experiment to check if I can beat S&P 500 index and Warrent Buffett’s Berkshire Hathaway. It ended well, but the real challenge seems to be - is it possible to outperform Bitcoin? Let's see.
Interesting experiment to create an "all weather portfolio" Kristaps. So far it has been tested in bull market conditions of the last 7 months. Given the heavy allocation in bitcoin and its relative high volatility compared with the rest of the portfolio, I wonder how it will perform in bearish market conditions like the one that seems to be forming. Please keep us updated!
Very interesting strategy, looking forward to seeing how it'll perform this year as some expect it to be "crypto winter". Do you have an opinion on N.N. Taleb's view on Bitcoin? Taken from his paper on BTC and cryptocurrencies in general:
''In its current version, in spite of the hype, bitcoin failed to satisfy the notion of "currency without government" (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than 0), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one’s investments, a shield against government tyranny, or a tail protection vehicle for catastrophic episodes. Furthermore, bitcoin promoters appear to conflate the success of a payment mechanism (as a decentralized mode of exchange), which so far has failed, with the speculative variations in the price of a zero-sum maximally fragile asset with massive negative externalities.''
Interesting experiment to create an "all weather portfolio" Kristaps. So far it has been tested in bull market conditions of the last 7 months. Given the heavy allocation in bitcoin and its relative high volatility compared with the rest of the portfolio, I wonder how it will perform in bearish market conditions like the one that seems to be forming. Please keep us updated!
Very interesting strategy, looking forward to seeing how it'll perform this year as some expect it to be "crypto winter". Do you have an opinion on N.N. Taleb's view on Bitcoin? Taken from his paper on BTC and cryptocurrencies in general:
''In its current version, in spite of the hype, bitcoin failed to satisfy the notion of "currency without government" (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than 0), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one’s investments, a shield against government tyranny, or a tail protection vehicle for catastrophic episodes. Furthermore, bitcoin promoters appear to conflate the success of a payment mechanism (as a decentralized mode of exchange), which so far has failed, with the speculative variations in the price of a zero-sum maximally fragile asset with massive negative externalities.''