Viewpoint: BTC is currently the "hardest currency" and may completely destroy all asset classes

ChainCatcher news, Joe Burnett, the strategic director of Bitcoin treasury company Semler Scientific, posted on the X platform that the market is currently at the end of the long-term debt cycle as described by Ray Dalio. This means that stocks are being bid up to extreme valuations, real estate is being pushed to high valuations, and fixed income products are also at extreme valuation levels.

The ultimate result of the long-term debt cycle is the devaluation of fiat currency, and the only exit is hard currency. Gold has been the hardest currency in the past, while Bitcoin is the hardest currency now, and Bitcoin may completely destroy all asset classes.