Cryptocurrency: Hacked PeterSchiff's Golden Son Spencer - AnCap Bitcoiner

[grarpamp]

>> Spencer Schiff @SpencerKSchiff
>> 20 | Anarcho-capitalist, Bitcoiner, tech enthusiast
> 20 | Anarcho-capitalist, tech enthusiast, optimist

> "My son has moved from fad of Bitcoin to bullish on AI -- Peter"
> "Bitcoin no major impact, goes to zero, AI is future -- Spencer"

> "Oh no, if Peter Schiff's son is no longer bullish on Bitcoin, it's
> all over folks. I'm going to sell it all and buy Nvidia stock. Wish me
> luck."

Blackrock begs to differ...

Asset Allocation with Crypto: Application of Preferences for Positive Skewness
Andrew Ang, Blackrock, February 22, 2022, 43pp
https://ssrn.com/abstract=4042239 Asset Allocation Skewness Blackrock

"The optimal BTC allocation is a large 84.9%! ... Although BTC has
an extremely large volatility of 1.322, the pronounced positive skewness
leads to large allocations and dominates in the utility function. -- Blackrock"

"
Bitcoin (BTC) returns exhibit pronounced positive skewness with a third
central moment of approximately 150% per year. They are well characterized
by a mixture of Normals distribution with one “normal” regime and a
small probability of a “bliss” regime where the price appreciation is
more than 100 times at the annual horizon. The large right-tail skew
induces investors with preferences for positive skewness to add
significant BTC holdings to equity-bond portfolios. Even when BTC is
forecast to lose half of its value in the normal regime, investors with
power utility optimally add 3% allocations to BTC when the probability of
the bliss regime is around 1%. Cumulative Prospect Theory investors are
even more sensitive to positive skewness and hold BTC allocations of
around 3% when the probability of the bliss regime is 0.0006 and the mean
of BTC in the normal regime corresponds to a loss of 90%.
Keywords: cryptocurrency, Bitcoin, crypto trading strategy, asset
allocation with crypto, portfolio choice, cumulative prospect theory
"

> Model for when will Crypto be usable as Unit of Account...
> 50/50 a fine and reasonable allocation for goldbugs.
>
> https://i.redd.it/1kb9nmzk05eb1.png Gold
> https://i.redd.it/nl72jew1i3eb1.jpg Crypto