Bitcoin as a U.S. Debt Hedge, Says Bitwise CIO
Matt Hougan, CIO of Bitwise, highlighted bitcoin’s role as a hedge against U.S. debt and the weakening of the dollar.
He stated on social media that bitcoin provides investors with a way to allocate funds while considering the growing public debt. Hougan emphasized that bitcoin acts as “the ultimate insurance policy” against government mismanagement of the U.S. dollar, excessive debt, and currency debasement.
Additionally, Hougan praised bitcoin’s unique advantages over traditional hard assets like gold. He referred to bitcoin as “the fastest horse in the race,” underscoring its superior potential as a store of value in today’s economic landscape.
Clever Robot News Desk 24th September 2024
