Jack Mallers, CEO of Strike, believes Bitcoin and gold are key assets to own as the global economy faces a potential crisis. He argues that the US’s massive trade deficits and unsustainable debt levels are leading to a major shift in global trade.
A Looming Debt Crisis?
Mallers points to the US’s enormous debt ($35 trillion+) and the lack of lenders willing to continue supporting it. He suggests this situation is creating significant instability and uncertainty in the markets. He believes the current economic climate is a result of decades of unsustainable practices, such as printing money to cover expenses. He notes that the recent pro-business policies haven’t solved the underlying problems.
Why Bitcoin and Gold?
Mallers highlights the importance of assets with fixed supplies, like Bitcoin and gold, in a volatile market. These assets, he argues, offer a hedge against economic uncertainty and potential inflation caused by the current economic climate. Their scarcity makes them attractive during times of economic upheaval. He suggests investors may have underestimated the potential impact of the current global economic realignment and the resulting need for safe-haven assets.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your research before making any investment decisions.