Part 14/17:
He describes gold as increasingly acting like a risky asset—a momentum-driven vehicle more than a traditional safe haven. The same applies to Bitcoin and other speculative assets. The consensus is that investors are making more bets on future inflation, devaluation, or crisis, rather than buying based on intrinsic value.
Scott compares this to recent trends in AI investments—where hype and momentum override fundamentals—and suggests that in 2025, assets like gold, Bitcoin, and AI stocks function as speculative momentum trades rather than safe investments.