- Marko Zlatic invests in bitcoin and real estate and runs the YouTube channel WhiteBoard Finance.
- He said that his analysis of the stock-to-flow model points to bitcoin hitting $100,000 in December.
- Zlatic told Insider bitcoin has replaced gold as a store of value in his portfolio and he holds ether and ada as “speculative plays.”
For someone who makes over half of his active income as a YouTube investing influencer, Marko Zlatic takes a surprisingly old-fashioned approach to investing.
“I’m a big fan of ‘slow and steady wins the race’,” he told Insider in a recent interview. “Only a small portion of your portfolio should be for speculative bets like GameStop and AMC – the rest should be for stable companies set for long-term growth, and ETFs and index funds.”
“Over time, studies show the market will return between 7% and 10%, and I’m happy with that,” he added.
Zlatic runs WhiteBoard Finance, a YouTube investing channel with almost 700,000 followers. He provides real estate investing and personal finance tips.
But there’s one area of investing where Zlatic departs from his ‘slow and steady’ philosophy. He told Insider that he is a “bitcoin maximalist” who allocates 12.5% of his portfolio to the cryptocurrency. Bitcoin prices have been volatile in 2021, soaring from $32,000 to almost $64,000 in the first couple of months before fluctuating between the $40,000 and $50,000 level more recently.
“I’m a big bitcoiner,” he said. “I love it, I’ve been buying it for over two years now, and I buy more every week.”
Zlatic’s commitment to bitcoin extends to having red ‘laser eyes’ on his Twitter profile picture. Notable bitcoin bulls including Elon Musk and Tom Brady have used laser-eye graphics to indicate their support for the cryptocurrency.
“I’m not taking those off until bitcoin hits six figures,” Zlatic told Insider.
Bitcoin to $100,000
Zlatic said that he bases his bitcoin price projections on analysis by the statisticians Will Clemente and Willy Woo and the anonymous Twitter user Plan B’s stock-to-flow model.
A stock-to-flow ratio compares the total amount currently available of a commodity like gold, silver, or bitcoin, against its rate of production. Bitcoin advocates point to its scarcity as one of its strong points, as its total supply is capped at 21 million and its rate of supply halves once every four years.
“I like bitcoin because it’s decentralized, it’s not controlled by any one entity, and it’s on a consistent issuance scale – there’s a halving every four years,” Zlatic said. “There will only be 21 million bitcoins ever made, and that gives it scarcity and a natural supply cap.”
Zlatic also said that his training as an economist had encouraged him to view bitcoin as a form of ‘hard money’, making it preferable to fiat currencies such as the dollar.
“I’m an Austrian school thinker,” he told Insider, referring to the 20th century economist Ludwig von Mises’ theory that money derives its value from its usefulness as an exchange mechanism. “The US dollar used to be backed by gold, but in 1971 it became soft money when we moved to a fiat standard. Bitcoin’s hard money – in fact, it’s the hardest form of money we’ve ever seen.”
Zlatic said that Plan B’s stock-to-flow model indicates that bitcoin will hit $100,000 in late December. Hash Ribbons analyst Charles Edwards and Chainalysis chief executive Michael Gronager also both recently argued bitcoin will reach a six-figure price by the end of the year.
“We’ll see six-figure bitcoin by December,” Zlatic told Insider. “It usually peaks or starts to pop off around December 25th – I don’t know why that is, but that’s what the patterns have been.”
Many traditional investors have gold in their portfolio as a store of value, but Zlatic told Insider that he has recently converted most of his gold holdings to bitcoin. 12.5% of his overall wealth is now invested in bitcoin, compared to a 2.5% weighting for physical gold in the form of bullion and jewelry.
“The only reason I don’t hold even more bitcoin is because it’s still in its infancy as an asset,” he added.
Zlatic said that, in the long-term, he sees bitcoin taking gold’s role within the global financial system.
“Bitcoin is gold 2.0, it’s the future of how nation states will transact” he said. “France sending the US gold is cumbersome, but sending bitcoin just requires an internet connection.”
Two altcoins – ether and cardano’s native ada token – also make up a small portion of Zlatic’s portfolio.
“Ethereum and Cardano are different to bitcoin because they’re major organizations with CEO-type figureheads,” he said, referring to Ethereum’s Vitalik Buterin and Cardano’s Charles Hoskinson.
“I own them both, but purely as speculation plays,” Zlatic added. “Bitcoin is a different story – I’m a bitcoin maximalist.”