Real Vision: Finance & Investing Has Bitcoin (Really) Outshined Gold? ft. Maleeha Bengali
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Dec 23, 2024 Market dynamics and macroeconomic influences are front and center as experts discuss the role of central banks on liquidity. The conversation navigates through the performance of U.S. equities, raising intriguing points about the implications of rising debt. A fiery debate unfolds on whether Bitcoin has truly outshined gold as a reliable store of value, exploring its maturation as an asset. Predictions on gold and silver investments are shared, emphasizing their potential in a fluctuating economic landscape. It's a captivating look at today's shifting investment terrain!
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Cross-Asset Strategy
- Maleeha Bengali's hedge fund employs a macro relative value, cross-asset strategy.
- They analyze commodities and equities, focusing on discrepancies across asset classes.
US Equities Outlook
- US equities benefited from loose monetary policy, but their high valuations pose a concentration risk.
- Consider the debt overhang, diminishing liquidity returns, and alternative assets like gold or Bitcoin.
Commodity Value and Demand
- Commodities' value isn't intrinsic but depends on demand-supply dynamics, unlike during the 2008-2010 period.
- Oil faces muted demand, while copper, tied to China's cycle, offers long-term potential due to electrification.