Viewpoint: Long-term debt cycles may cause fiat currency to depreciate, and Bitcoin may destroy other asset classes
Source: Odaily
Time: 2025-09-07 16:40:08
Odaily Planet Daily News Joe Burnett, strategy director of Semler Scientific, Bitcoin treasury company, posted on the X platform that the market is currently at the end of what Ray Dalio calls a long-term debt cycle, which means that stocks are bidding to extreme valuations, real estate is being contested to raise valuations, and fixed income products are also at extreme valuations. The end result of the long-term debt cycle is fiat currency depreciation, the only export is hard currency, gold is the hardest currency in the past, Bitcoin is the hardest currency now, and Bitcoin may completely destroy all other asset classes.