Crypto Asset Manager BitWise says that the possibility that countries that cannot repay their debts will drive Bitcoin (BTC) to an astronomical new of all time.
In a new report, Bitwise Analysts public participation That the growing debt levels of countries and the increasing chances of sovereign standard bitcoin can send to $ 230,000, an increase of more than 110% compared to the current value, assuming that more investors will flow into the flagship cricpto -actively.
“As we have also noticed in our last monthly report, Bitcoin can offer an alternative ‘portfolio insurance’ against widespread sovereign standard values such as a scarce decentralized active that is free from the risks of the counterparty.
Quantitative models estimate the hypothetical ‘real value’ of Bitcoin in the midst of the current sovereign standard opportunities at around $ 230,000 today. This estimate is in line with the increasing scarcity of Bitcoin, which also points to an increase to $ 200,000 by the end of the year. ”
BitWise also suggests that the increasing debt level of the United States can lead to the dollar debate, making Bitcoin a more attractive possession to park wealth.
“We also expect that the US fiscal debt situation will most likely to deteriorate over the coming years which is also the official projection by the congressional budget office (cbo): Net Interest Expenses Will Likely Triple Towards The End of this decade Alrady – FRADADY TODADY DEDADY The Year 2030. Non -discretionary Government outlays – Ie Those that are Mandatory and Required by Law, Such as Interest Expenses, Social Security, Unemployment Insurance etc. – already exceeds 100% of the tax income.
Bitcoin acts for $ 109,467 at the time of writing.
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