In an interview with Kitco news, the author of ‘The Decentralist’ Max Borders, recently admitted that the US economy is in danger of imploding.
Additionally, he disclosed that gold and Bitcoin would be crucial tools for fending off the probable effects of future economic catastrophes.
The financial guru has shared his profound insights on the US economy’s impending trouble areas and how these two assets can help to reduce inflation in the near future.
The US may experience severe financial difficulties owing to:
The author suggests that Bitcoin and Gold could be the solution to the world’s financial problems. Max claims that people have lost their religious beliefs within the institutions. Bitcoin was introduced in 2009 to address the 2008 housing slump- and it could come to the rescue again.
Also, the federal government and rapacious businesses’ cooperation was exposed by the housing catastrophe. Bitcoin has the potential to disrupt existing institutions and offer a competitive option to established businesses. He also lambasted the whales for viewing cryptocurrency as a ‘risky investment’.
To address the challenging situations ahead he advised consumers to use Bitcoin properly, in order for it to be of great value store and an inflation hedge. Hence with widespread adoption, cryptocurrency volatility will decrease.
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