Buy Bitcoin
10% of cash optimal
Buy bitcoin. I’ve owned it consistently for well over a decade, targeting an allocation of 10% of my personal cash. Permabull? Certainly a permaskeptic of government controlled fiat currency. Bitcoin dominates cryptocurrency with demand driven by a network effect that is hard to beat. Its supply is more constrained than the supply of US dollars. If I trusted monetary and fiscal policy to protect the value of the dollar, I’d stick with it. As is, I’m happier 90% in USD and 10% in BTC.
If you’re just getting started, you’ve got to start somewhere. I enjoy the piratical task of going around to suck out all of the sign up bonuses I can find. Here’s the richest current offering. Get $75 when you buy $100 of BTC on Gemini. You also get 15% of trading fees reimbursed if you buy $5k or 25% reimbursed if you buy $50k. Ideally, you’d store orders of magnitude more than that, but circumstances vary. I’m most certain than zero is the wrong allocation. And a 75% return on your first step is a good way to start.
Price is unknowable day to day, probably upward year to year, and possibly life changing decade to decade. I am long Bitcoin; you might want to own it too.