Jefferies Group CEO: The collapse of the dollar will benefit bitcoin holders

Chris Wood, head of global equity strategy at Jefferies Group, a prominent Wall Street investment bank, said the potential collapse of the dollar paper standard could greatly benefit bitcoin holders in the country. A host of macroeconomic issues, including aggressive monetary policy and rising debt levels, pose growing risks to the dollar's long-held dominance as the world's main reserve currency, which could lead to more individuals adopting bitcoin as a hedge fund.
Bitcoin has been allocated because of its huge potential. This is because, given the mounting evidence of the G7's devaluation strategy over the past two decades, cryptoassets offer a good alternative for safe-haven capital seeking a store of value.
If this unconventional monetary policy is not removed in a responsible manner, the current dollar paper standard is expected to collapse. Therefore, he believes that bitcoin and gold holders could reap huge benefits, making them the main beneficiaries in a financial environment with more volatile fiat currencies.