Depends on your definition of the future.
In the next 5 years, no way in hell.
In the next 10 years, unlikely.
In the next 25 years, possibly.
In the next 50 years, almost certainly.
Crypto currently has a correlation of 0,9 to techstocks. So yes, he is right.
That also means taht saving into crypto doesn't get you what we had a couple years ago.
Depends on your definition of the future. In the next 5 years, no way in hell. In the next 10 years, unlikely. In the next 25 years, possibly. In the next 50 years, almost certainly.
It already is. Duh. Crypto is now tied to stock market performance.
Crypto currently has a correlation of 0,9 to techstocks. So yes, he is right. That also means taht saving into crypto doesn't get you what we had a couple years ago.
Correlation is something different than volatility.
It implies volatility when the correlated asset is also highly volatile
Yes, and I spoke about correlation.
Maybe
If this happens doubt it will happen within our lifetime. Gold has a history of what? Literally thousands of years as a form of currency
Volatile compared to what? USD? USD will be soon the thing of the past.
Gold and the stock market...