How's is bitcoin even a hedge against the dollar when it's correlated with the U.S. stock market? So many things just don't add up, like is btc a currency or an investment? Fiat currency is really the only spendable currency.
It does, so far, seem to be a risk on asset, as it didn't perform well in March 2020.
It is already storing over $1 trillion of the world's wealth though, and in this case, money talks. Yes, it might have a correction, but the S&P 500 might as well.
That said, Bitcoin's properties may change over time, and it may become more of a hedge. It does seem to have a lot of believers, and IMO, the technology is what makes it very interesting.
It has been running successfully for a decade, and we'll be able to figure out more of what it is in 2, 3, or 5 years.
I think, why not hold some, even just a little bit? IMO, people shouldn't put 100% in, and definitely don't take out any loans to do so (maybe unless you are a company, but I'm against individuals taking loans out for it). You never know, maybe some of the current narratives are correct.
Because that perpetuates and inflates the Pozi scheme. Any "little bit" of positive now will be more than offset during its collapse, having a larger negative effect on more people.
Source?