Renowned Economist Alex Kruger Reveals Why Investors Should Buy Bitcoin

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. 

Currently,
the

US
national
debt

has

surpassed

$35
trillion,
reaching
unprecedented
levels.
Moreover,
this
staggering
figure
could
potentially
increase,
driven
by
the
substantial
budget
deficits
that
outstrip
the
country’s
economic
growth. 

In
light
of
the
increasing
risk
of
a
debt
crisis,
Kruger
disclosed
that
investing
heavily
in
Bitcoin
becomes
more
advisable
to
protect
against
financial
losses.
He
made
emphasis
on 
US
Senator,
J.D
Vance,
highlighting
that
Vance
has
spoken
publicly
about
a

potential
dollar
devaluation,
highlighting
the
risks
and
dangers
that
it
could
pose
in
the
US. 

Moreover,
Kruger
expressed
hope
that
the
US
would
potentially
begin
to

incorporate
and
invest
in
Bitcoin

in
the
near
future.
He
noted
that
Bitcoin
was
not
just
a
hedge
against
dollar
devaluation
and
the
collapse
of
central
banks,
but
it
could
also

transform
into
a
reserve
asset

and
an
important
store
of
value
for
investors. 

“If
ever
we
get
to
the
point
where
we
are
very
concerned
about
the
value
of
the
dollar
and
or
the
sustainability
of
debt,
which
is
already
happening,
you
want
to
be
long
Bitcoin,
and
you
want
as
much
Bitcoin
as
possible,”
Kruger
stated. 

Bitcoin’s
Role
As
Digital
Gold
Over
Payment
Method

While
speaking
on
Bitcoin’s
potential
to
become
a
valuable
hedge,
Kruger
exclaimed
that
he
did
not
view
Bitcoin
as
a
payment
method
within
the
crypto
space.
Rather,
the
economist
saw
the

pioneer
cryptocurrency
as
a
digital
gold

in
the
process
of
global
adoption. 

As
a
payment
method,
Bitcoin’s
price
volatility
and
slow
transactions
pose
a
problem
compared
to
other
faster
and
less
expensive
crypto
payment
alternatives.
However,
being
considered
as
a

store
of
value

similar
to
gold,
Bitcoin
could
be
used
to

preserve
wealth
over
time,
potentially
increasing
its
chances
of
being
a
recognized
and
globally
accepted
asset. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com