Michael Bucella, co-founder of Neoclassic Capital, said in a CNBC interview, “With the US national debt exceeding $40 trillion, some investors are using non-dollar assets such as gold, Swiss francs, and BTC as a hedge against the risk of currency devaluation. As BTC-backed loan products increase in the US, conditions are also being created for holders to secure liquidity without having to dispose of their BTC. However, BTC still has the characteristics of a risky asset and can therefore be affected by macroeconomic conditions.”
