Government-Issued Digital Assets Will Be Backed by Bitcoin: Quant Analyst .com
www.ccn.com
Hans Hauge, a crypto asset investment analyst at Ikigai Fund, believes bitcoin will be the number one commodity in the future. To make matters worse for the greenback, Hauge said that the fiscal irresponsiblity of the U.S. government has left the Federal Reserve with no recourse but to print more money to the tune of $1 trillion per year.
Hauge said that once interest rates creep up, the federal government will go under. In the end, Hauge said that bitcoin will likely act as the new gold that backs government-issued currencies.
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