Reported 3 days ago
In response to Tesla CEO Elon Musk's recent comments urging acceleration of U.S. GDP growth amidst fiscal concerns, Bitwise CEO Hunter Horsley emphasized the critical role Bitcoin could play in this landscape. With the U.S. grappling with a $36.2 trillion debt and a downgraded credit rating, Musk advocates for radical productivity improvements to stabilize the economy. Horsley suggests that the anticipated monetary debasement could make Bitcoin increasingly valuable as a hedge against currency depreciation, especially as economic strategies potentially increase the money supply.
Source: YAHOO