According to BlockBeats, on May 9, Ray Dalio, founder of Bridgewater Associates, warned that the U.S. debt crisis of $39 trillion could trigger long-term dollar depreciation or even collapse. Dalio noted that current annual U.S. spending reaches approximately $7 trillion against revenues of only $5 trillion, with fiscal deficits approaching historical danger zones.
JPMorgan analyst Nikolaos Panigirtzoglou indicated that markets are experiencing a rotation from gold to Bitcoin as a hedge against currency devaluation. He noted that Bitcoin ETF inflows have consistently exceeded gold ETF inflows following escalating Iran-related tensions, with Bitcoin increasingly viewed as “digital gold.” Bitcoin has gained approximately 30% since the conflict began.
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