TechFlow, September 7 — Joe Burnett, Strategic Director at bitcoin treasury firm Semler Scientific, posted on X stating that the market is currently at the end of the long-term debt cycle described by Ray Dalio. This means equities are bid up to extreme valuations, real estate is being aggressively inflated, and fixed-income products are also at extreme valuation levels. The ultimate outcome of the long-term debt cycle is fiat currency devaluation. The only exit is hard money: gold was historically the hardest currency, while bitcoin is the hardest currency today, and it may completely disrupt all other asset classes.
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