Onramp Bitcoin Media Veteran Fund Manager: Bitcoin and Gold Will Crush Traditional Portfolios
Aug 6, 2025
Jeroen Blokland, founder of the Blockland Smart Multi-Asset Fund, discusses the shifting landscape of investing, emphasizing the necessity of diversifying with Bitcoin and gold. He argues that traditional portfolios like the 60/40 model are outdated, especially in inflationary times. Jeroen highlights how gold is making a comeback, outperforming bonds, and why institutions lag in understanding Bitcoin's value. He also outlines the impacts of fiscal dominance and government debt on investment strategies, urging listeners to rethink their asset allocations.
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Liquidity Fuels 2025 Market Rally
- Global liquidity increase is a major driver of asset price rallies in 2025.
- Uncertainty reduction from trade deals also supports this optimistic market trend.
Fiscal Dominance Shapes Rates
- Central banks drive liquidity to aid debt refinancing, not primarily to boost growth.
- Fiscal dominance means central banks will keep interest rates lower than historical norms on average.
Bonds Lose Real-Value Edge
- Most investors ignore negative real bond returns due to nominal focus and business model inertia.
- Many asset managers resist cuts in bonds as it threatens income and familiar strategies.