Joe Burnett, Strategic Director of Bitcoin Treasury Company Semler Scientific, posted on Platform X, stating that the market is currently at the end of the long-term debt cycle as mentioned 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 the long-term debt cycle is fiat currency depreciation, with the only way out being hard currency. Gold has been the hardest currency in the past, and Bitcoin is now the hardest currency. Bitcoin may completely destroy all asset classes.
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Opinion: Bitcoin is now the “hardest currency” and could completely destroy all asset classes
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