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Since the election of Donald Trump, there has been serious discussion about Bitcoin as a currency reserve. At the same time, confidence in the dollar is waning: central banks are stocking up on their gold reserves. What do investors need to know for this changing world? Do gold and Bitcoin now belong in every portfolio? I spoke about this in a live talk with Ronald-Peter Stöferle, partner at the asset manager Incrementum and publisher of the "In Gold we Trust" report. Important points 00:00 The stock market highlights for 2024: Gold and Bitcoin 02:45 Is Bitcoin about to receive higher honors? 03:45 The three most important Bitcoin drivers in 2024 04:54 Why Bitcoin is now harder than gold 07:20 Has the question of whether Bitcoin is a bubble been answered now? 11:24 How realistic is a national Bitcoin reserve in the USA? 13:27 Are we seeing a politicization of Bitcoin? 17:30 What will happen to the dollar? 21:06 Why the dollar is threatened with devaluation 23:11 “We are seeing a militarization of money” 28:20 The importance of gold is growing 32:00 The new gold playbook 35:00 The love trade is becoming more important than the fear trade in gold 36:29 The central banks’ demand for gold remains high 38:24 The outlook for the gold price in 2025 42:01 The right proportion of gold and bitcoin in the portfolio 45:22 The danger of a second wave of inflation