Alex Krüger Highlights Bitcoin as a Defense Against Central Bank Collapse and Dollar Depreciation
Economist Alex Krüger argues that Bitcoin (BTC) is increasingly recognized as a hedge against fiat currency devaluation and fiscal instability.
In a recent interview, Krüger highlighted Bitcoin’s role as protection against central bank failures and the weakening of the US dollar. He noted that the need for such a hedge can arise unexpectedly. Especially amid growing concerns about US national debt and fiscal sustainability. Krüger pointed out that even Federal Reserve Chair Jerome Powell has acknowledged the unsustainable fiscal trajectory of the US.
Bitcoin’s adoption as a reserve asset and its comparison to digital gold underscore its potential as a safeguard against economic instability. As of now, BTC is trading at $69,362.
Clever Robot News Desk 31st July 2024
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