Economist and cryptocurrency trader, bitcoin-kruger/” rel=”nofollow noopener” target=”_blank”>Alex Kruger has presented compelling arguments as to why bitcoin/bitcoin-price-surges-past-63000-the-key-reasons/” rel=”nofollow noopener” target=”_blank”>bitcoin (btc) It should be seen in a more positive light. The popular economist has emphasized the importance of holding bitcoin, inadvertently encouraging investors to bitcoin/” rel=”nofollow noopener” target=”_blank”>Acquire the pioneering cryptocurrency as a safeguard against the devaluation of fiat currencies.
bitcoin as a hedge against dollar devaluation
On July 24, Jedi from the YouTube channel, Blocmates Orange, presented an exclusive interview with Kruger and Core DAO founding contributor Rich Rines. While discussing the potential for a bitcoin supercycle and deducing cyclical halving events, Kruger also shed light on the importance of bitcoin-not-only-hedge-against-inflation-cashless-society-too/” rel=”nofollow noopener” target=”_blank”>btc as a hedge in the face of the devaluation of the US dollar (USD).
The economist argues that bitcoin should be seen in the near future as a hedge against extreme risks related to the bitcoin-set-to-accelerate-as-store-of-value/” rel=”nofollow noopener” target=”_blank”>possible collapse of central banks and the devaluation of the dollar. He also stressed that the need for such coverage often manifests itself suddenly, suggesting that bitcoin could become a crucial security measure If the value of the dollar falls.
Currently, the United States National Debt has overcome $35 trillion, an unprecedented level. Moreover, this staggering figure could rise due to large budget deficits that outstrip the country's economic growth.
In view of the growing risk of a debt crisis, Kruger revealed that investing heavily in bitcoin becomes more advisable to protect against financial losses. He singled out US Senator JD Vance, noting that Vance has spoken publicly about a bitcoin/” rel=”nofollow noopener” target=”_blank”>potential devaluation of the dollarhighlighting the risks and dangers that this could pose in the United States.
Kruger also expressed hope that the United States could potentially begin to… Incorporate and invest in bitcoin in the near future. He noted that bitcoin was not only a hedge against dollar devaluation and central bank collapse, but could also become a reserve asset and an important store of value for investors.
“If we ever get to the point where we are very concerned about the value of the dollar and/or debt sustainability, which is already happening, you will want to be long bitcoin and you will want as much bitcoin as possible,” Kruger said.
bitcoin's role as digital gold as a payment method
Speaking about bitcoin's potential to become a valuable hedge, Kruger exclaimed that he did not see bitcoin as a payment method within the cryptocurrency space. Rather, the economist saw the bitcoin-digital-gold-narrative/” rel=”nofollow noopener” target=”_blank”>Pioneering cryptocurrency as digital gold in the process of global adoption.
As a payment method, bitcoin's price volatility and slow transaction speed pose a problem compared to other faster and less expensive cryptocurrency payment alternatives. However, being considered as a store of value Like gold, bitcoin could be used to bitcoin-best-insurance-policy-wealth/” rel=”nofollow noopener” target=”_blank”>preserve wealth over timepotentially increasing your chances of becoming a globally recognized and accepted asset.
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