Inflation hits 5%, much higher than anticipated, even for the analysts out there. There are good reasons to think that this could be good for "alternative assets" like crypto, and "meme" stocks like GME/AMC.
With regard to GME, it is extremely difficult to find an example of a purely speculative bubble ending well for "investors." The situation presents profitable opportunities for traders both long and short. Longer-term, speculative bubbles beget crashes. On a more positive note, crashes present buying opportunities, and the world continues to revolve. I cannot fathom anyone finding value in GME at the moment, but to each their own. Inflationary hedges should consider diversification far beyond any one, single equity position.
RyanTanaka
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@JRSone, not sure what you're saying since crypto has made millionaires out of many people at this point. They already cashed out so a lot of their gains are permanent.
No risk, no gain, as they say.
JRSone
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@RyanTanaka Not sure what you are saying, as there was no reference to crypto at all what so ever. Thank you for the posts regardless, and contributing to discourse within the community.
RyanTanaka
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@JRSone, did you watch the video? I mention there that the overlap between GME and crypto is pretty significant. GME is outperforming most coins right now, with the exception of DOGE.
People make fun of these assets but the returns on them are real, and have made a lot of people very, very rich. I mean yeah, it's all speculative but that's no different from how people have made money in the markets before. So why even bother bringing it up?