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The End of the Petrodollar | Luke Gromen
Bankless
Understanding Different Denominators in Financial Markets
In financial markets, the denominators are not the same; while most people assume the dollar is equivalent to oil, they are distinct entities. The speaker emphasizes the importance of considering both the dollar return and the real return in investments. They argue that the value of assets like gold and Bitcoin are tied to the energy expended in mining and refining them. This insight challenges the common perception that the dollar and oil are interchangeable and highlights the need to consider multiple factors when evaluating investment returns.
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