Dollar Doubts: Why Crypto Could Gain Ground As An Investor Safe-Haven
The US’ growing debt burden and rising borrowing costs are sharpening questions about the long-term credibility of the dollar, while simultaneously opening the door for cryptocurrencies to position themselves as alternatives for investors seeking protection from inflation.
A new report from Grayscale, the world’s largest digital asset investment platform, argues that macroeconomic imbalances in the US could drive increasing demand for crypto assets.
“Because of the large debt stock, rising interest rates, and a lack of other viable means for dealing with it, the US government’s commitment to control money supply growth and inflation may no longer be fully credible,” the firm said in its analysis.
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