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Bitfinex analyst: $35 trillion of US Treasury bonds may promote bitcoin as a "hard currency"
Analysts at Bitfinex said ballooning US debt could cement Bitcoin's position, with "$35 trillion in US Treasuries underscoring the importance of Bitcoin as a'hard currency 'and potentially serving as a catalyst for Bitcoin's next upside cycle... This could prompt investors to seek other stores of value such as Bitcoin, which is often seen as a hedge against economic inefficiencies."
2024-07-31 11:35:46
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