Expert Reveals “Best Bets” Against Impending Economic Collapse
In a recent interview with Kitco News, Max Borders, the author of The Decentralist, revealed that the US economy is on the brink of collapse. He also revealed that Bitcoin and Gold are going to be key instruments to stave off the potential ramifications of future economic calamities.
Borders Explains The Issues With US Economy
Borders believes that the US may face worse economic hardships than the great depression.
Max explained that the biggest challenge to the US economy is that its debt is 130% of the GDP. On a worldwide scale, Borders reveals that there is over $300 Trillion in debts and leverages, while only $100 Trillion in production.
Borders also highlight that the Federal Reserve is being painted in a tight corner. Citing the example of the Coronavirus pandemic, Borders reveals that the Fed can print money to provide relief, only to then raise interest rates to curb the resulting inflation. He also highlights the unintended consequences of trying to intervene in the macro-financial systems.
Another factor at play is the clash between the political class and the central bank. According to Borders, while the monetary spending to ease the conditions during the pandemic was politically popular, it was not fiscally responsible.
Why Bitcoin And Gold Could Be The Answer
The author reveals that Bitcoin and Gold could be the answer to solving the economic conundrum. According to Max, people have lost faith in the institutions. Bitcoin was launched in 2009 as a response to the housing crash of 2008.
The housing crash exposed the collusion between the government and overly greedy companies. Bitcoin can provide an institutional shift and provide an alternative to traditional institutions. He also criticized the whales for treating crypto as a risk asset.
He believes that Bitcoin can be an excellent store of value and an inflation hedge if used properly by investors. The volatility of the cryptocurrency will go down with more and more mainstream adoption
- Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin
- Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms
- Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder
- BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF
- Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
