As we move to close out what has certainly been the worst all-around year in modern history, with a political civil war, a wave of riots across the country, a deep recession, and hundreds of thousands dead from a rampaging viral pandemic, the asset market landscape continues to reveal many interesting dynamics that investors must take into account to properly identify core trends and seek out new and interesting opportunities.
The recent rise of Bitcoin is one such trend, and it suggests many important sub-themes in its wake – a possible transition underway in terms of “store of value” hedging as major players transition away from a gold-only process, a redefinition of the concept of “money”, and a new target for speculative-minded “zillennials” looking for somewhere to aim their $68 trillion in inherited capital over the coming decade.