Gustavo Martínez

Gustavo Martínez

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Ldo en Economía/Máster Bolsa IEB/G.Patrimonial IEAF/Asesor Fin Europeo/Master Value Investing y Ciclo OMMA/Private Banker y Profesor Universitario finanzas UFM

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Gustavo Martínez

Socialism cannot be understood without envy, rancor, frustration, resentment, grievance, bitterness, victimhood, dependence, conformity, injustice, theft, and aversion to merit.

Gustavo Martínez

Regarding the false explanation being given about Bitcoin corrections, please do not confuse payment promises (paper issued for Bitcoin) with real assets (Bitcoin). The existence of 1,000 promises for 1 BTC does not change the marginal utility of BTC. It only changes the risk that those 1,000 claimants will discover that the issuer does not have enough BTC. Does gold lose value because your friends break their promise to pay you in it? You can promise a thousand deliveries of one unit of Bitcoin, which will only affect the confidence that the issuer will respond, but never the marginal utility of the asset (Bitcoin), whose price will be determined solely and exclusively by the interaction of supply (100% inelastic) and demand (elastic to the market) of the UNDERLYING asset (real asset). The same applies to gold and other assets. twitter.com/GustavoBolsa/statu...

Gustavo Martínez

(This is the last annoying tweet I'll write for a while, but it's important you understand it's also meant to be a pain in the ass.) The market is selling Bitcoin to move into gold and take refuge in real money. This week alone, gold has gained more market capitalization than Bitcoin has in its entire history.

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