In a recent interview, economist and crypto trader Alex Kruger shared his insights on why Bitcoin should be seen as a positive asset. He emphasized the importance of holding Bitcoin as a safeguard against the devaluation of fiat currencies, particularly the United States Dollar (USD). Kruger highlighted the potential for Bitcoin to serve as a hedge against risks such as the collapse of central banks and dollar devaluation, especially as the US national debt surpasses $35 trillion and continues to grow.
Kruger pointed out that investing heavily in Bitcoin becomes more advisable in light of the increasing risk of a debt crisis. He referenced US Senator J.D Vance’s concerns about potential dollar devaluation and emphasized the need for a hedge against financial losses. Kruger also expressed hope that the US would consider incorporating Bitcoin into its investment strategy, as it could serve not only as a hedge but also as a reserve asset and store of value for investors.
While discussing Bitcoin’s role in the digital space, Kruger noted that he does not view Bitcoin as a payment method but rather as digital gold. He highlighted Bitcoin’s potential to become a store of value similar to gold, which could help preserve wealth over time and increase its chances of global recognition and acceptance. Despite Bitcoin’s price volatility and slower transactions compared to other cryptocurrencies, its store of value narrative could contribute to its status as a valuable asset.
Overall, Kruger’s insights shed light on the potential benefits of holding Bitcoin as a hedge against economic uncertainties and the devaluation of fiat currencies. By considering Bitcoin as a digital gold and a store of value, investors may be able to protect their wealth and diversify their portfolios effectively. As the cryptocurrency market continues to evolve, Bitcoin’s role as a valuable asset class is becoming increasingly prominent.
