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RE: Massive US Bond Buying, But Why?
I'm sure gold will always be the ultimate hedge to government fiat currencies. You can see it, feel it, hold it and physically trade it. But when people finally start to compare their government backed bank digits (dollars) whose value can be reduced to zero by inflation (money printing) or just seized to blockchain cryptocurrencies that can't be changed by governments, cryptocurrencies will finally make sense to them. Governments can ban cryptocurrencies like they do certain drugs or prostitution, but they can't stop them or devalue them or seize them.
I agree with you on the first part but the second part I think may be a bit over confident. I think most cryptos will probably fail. There are over 1600 listed cryptos right now and others that aren't. They can't all make it. They haven't established value yet outside of the p2p value that they claim. It's certainly not value from inflation yet. So, I would be cautious on diving in too deep just yet. The market is shifting now and it's going to completely change the economic landscape of the world. I don't think it's going to be pretty, more like the great depression 2.0