Economist and crypto trader, Alex Kruger has presented compelling arguments for why Bitcoin (BTC) should be viewed in a more positive light. The popular economist has emphasized the significance of holding Bitcoin, inadvertently encouraging investors to acquire the pioneer cryptocurrency as a safeguard against the devaluation of fiat currencies.

Bitcoin As A Hedge Against Dollar Devaluation

On July 24, Jedi from the YouTube channel, Blocmates Orange hosted an exclusive interview with Kruger and Rich Rines, a founding contributor of Core DAO. While speaking on the potential for a Bitcoin super cycle and deducing the cyclic halving events, Kruger also shed light on the importance of BTC as a hedge against United States Dollar (USD) devaluation. 

The economist argues that Bitcoin should be seen in the near future as a hedge against extreme risks related to the potential collapse of central banks and dollar devaluation. He further emphasized that the need for such a hedge often manifests suddenly, suggesting that Bitcoin could become a crucial safety measure if the value of the dollar falls. 

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Author: Scott Matherson

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