“Vincent Daniel,” a well-known investor and co-founder of Seawolf Capital, stated in an interview with CNBC that he has a positive stance on Bitcoin due to the weakening of the US dollar. Daniel mentioned that the main reason for holding Bitcoin is the weakening of the US dollar and fiat currencies. “Porter Collins,” another co-founder of Seawolf Capital, also noted that Bitcoin, alongside gold, could act as a hedge against the weakening of the US dollar. He referred to the trillion-dollar budget deficit in the US. He added one trillion dollars to the national debt every 100 days, saying this trend leads to the dollar’s depreciation.
Source: dailyhodl.com
