Prediction evidence

Michael Howell says a small Bitcoin position hedges inflation as well as a big gold one, but gold's lower volatility makes it the larger holding "I think both assets are good monetary inflation hedges. The fact is that if you look at crypto, Bitcoin, they're the most liquidity sensitive assets on the planet. They move, you know, many, many fold more for a liquidity impulse compared to gold. So you don't need very much in a portfolio to give you a monetary inflation hedge." "My view is that you've got, what, 3,000, 4,000 years of history behind gold. You've got 15 years or so behind Bitcoin. And therefore, I've got to be more confident that gold in the long term is going to maintain the properties of monetary inflation hedging." "Bitcoin certainly has done it in the last 15 years, and I hope it succeeds. But I think you need both in your portfolio, mixing them by their relative volatility. So it means having a lot more gold than Bitcoin. But both are good, I think."