Rising prices now would cause bond yields to spike up, just like they did in the 1970s. Investors would want to protect themselves from rising prices.
Stocks would sell off too, just as they did in the 1970s. In terms of real money — gold — stocks lost 95% of their value from 1966 to 1980.
The equivalent loss today would take the #Dow down from 25,000 to just 1,250. That kind of a loss is, well, unimaginable.
And yet, it has happened three times in the last 100 years — after 1929, 1966, and 1999 (when the loss was only 85%!).
Cryptocurrencies could well provide a genuine alternative for investors looking to hedge their risk.