Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Grayscale: Rising U.S. Federal Reserve debt may prompt overseas investors to switch from U.S. dollars to Bitcoin

Grayscale: Rising U.S. Federal Reserve debt may prompt overseas investors to switch from U.S. dollars to Bitcoin

2024/03/20 15:45

ChainCatcher message, Grayscale stated on the X platform that if the stock of federal debt increases significantly in the coming years, it believes that overseas investors may reduce their interest in US government bonds and start shifting from the dollar to other currencies, such as Bitcoin. Bitcoin can be considered a macro asset, another currency system and store of value competing with the dollar.

3
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Global economy risks fragmentation! Australia bets on AI as a new growth engine

In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.

智通财经2026/09/21 04:01

Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap

According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.

智通财经2026/09/21 03:56