Opinion: The market is now at the end of a long-term debt cycle, and bitcoin could "completely destroy" all asset classes
2025-09-06 14:46:20
Joe Burnett, head of strategy at Semler Scientific, a Bitcoin treasury firm, said in a post on the X platform that the market is currently at the end of what Ray Dalio calls the long-term debt cycle, which means stocks are being bid to extreme valuations, real estate is being bid up, and fixed income products are also at extreme valuations. The end result of the long-term debt cycle is a devaluation of the fiat currency, the only outlet is hard currency, gold is the hardest currency in the past, and bitcoin is the hardest currency now. Bitcoin could completely destroy all asset classes.
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