Mars Finance News, according to Daily Hodl, macro expert Luke Gromen stated that the rise of Bitcoin treasury companies is a rational response to the U.S. government's continued devaluation of the dollar. In his latest YouTube video update, Gromen pointed out that investors are reacting to a massive financial bubble that has shifted from stocks, banks, and real estate markets to the government bond market. He believes that the only way for the U.S. government to maintain the bubble is through inflation devaluation of its debt, rather than facing default or a severe economic recession to restore fiscal conditions. In this situation where reality becomes clear, it is reasonable for many companies to create shareholder value by utilizing Bitcoin's strict supply cap.
Opinion: Bitcoin Treasury is the “rational” government response to devaluing $37 trillion in US debt
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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