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The Future of Bonds
In any system that still relies on fiat, it is my belief there will be bonds. Does it mean you should be totally allocated to those bonds? Absolutely not. But insurance companies, until they change their risk measurement systems and asset liability matching, bonds will be a component of their business model. And I think that some big things are coming for Bitcoin, but bonds or total global debt safe,. $400 trillion. Man, that's 40 times the size of the gold market. Hard to get rid of that thing, you know, like a light switch.