Renowned economist Alex Krüger says that Bitcoin (BTC) is solidifying its role as a hedge against the devaluation of fiat currencies and uncertainty in financial policies. Krüger views Bitcoin as a safeguard against the collapse of central banks and the diminishing value of the dollar. He believes the need for such a hedge often appears suddenly. Krüger points to the growing concerns about the rapid increase in U.S. national debt and states that even Jerome Powell, the chairman of the Federal Reserve, has acknowledged that the U.S. financial path is unsustainable. He emphasizes that Bitcoin’s role as a hedge against these problems is expanding. Krüger lists three key roles for Bitcoin: a potential store of value, a store of wealth, and digital gold as a shield against out-of-control debt and the possible collapse of the dollar.
Source: dailyhodl.com
