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Opinion: BTC Now the 'Hardest Currency', Could Completely Destroy All Asset Classes
Summary: In a post on X platform, Joe Burnett, the strategic director of Semler Scientific, stated that the market is currently at the end of a long-term debt cycle as described by Ray Dalio. This means stocks are bid to extreme valuations, real estate is bid up to high valuations, and fixed income products are also ...
In a post on X platform, Joe Burnett, the strategic director of Semler Scientific, stated that the market is currently at the end of a long-term debt cycle as described by Ray Dalio. This means stocks are bid to extreme valuations, real estate is bid up to high valuations, and fixed income products are also at extreme valuation levels.
The ultimate result of a long-term debt cycle is currency devaluation, with the only way out being hard currency. Gold was the hardest currency in the past, and Bitcoin is now the hardest currency, which could potentially completely destroy all asset classes.
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Link: Opinion: BTC Now the 'Hardest Currency', Could Completely Destroy All Asset Classes [Copy]
