To investors,

Fred Krueger had a great write-up yesterday about the importance of “8%” in modern finance. He started by pointing out since 2000, global money supply has been growing exactly at 8%.

But then Fred pointed out that US debt has also been growing at 8% — what a coincidence!

Next, if you look at the S&P 500 and add in dividends, then you see another result that looks pretty damn close to 8%. If you incorporate taxes, “you lose a minimum of 25%.”

Fred shows that housing is in a slightly different situation. He says “houses grow less. Even after rents, and without factoring in property tax and maintenance, the growth is more like 6.5%.”

So what does all this mean? Why should you care? Fred explains that “we have a “leaky bucket” that loses 8% of its value a year. Stocks almost make up for it. Not after taxes. Housing does not make up for it. At all.”

Which brings us to the big conclusion from Fred’s analysis — “Bitcoin doesn’t leak and is growing 40% per year.” I actually disagree with Fred here. Bitcoin’s compound annual growth rate over the last 10 years is 85% and if you look over the last 5 years, bitcoin’s compound annual growth rate is 62%. These are video game numbers for a financial asset that is just now starting to hit its stride in terms of institutional adoption.

Hope you all have a great day. I’ll talk to everyone tomorrow.

– Anthony Pompliano

Founder & CEO, Professional Capital Management

Darius Dale Explains Why Stocks, Bitcoin & Gold Are Great Assets To Hold During the 4th Turning

Darius Dale is the Founder & CEO of 42Macro.

In this conversation we talk about why bitcoin, gold, and stocks will continue to win, Elon Musk & DOGE, spending bill, and how markets across the world are reacting.

Enjoy!

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