cryptoworld

07/16 09:54

Bitwise CIO Matt Hougan Says US Dollar Money Print

Bitwise CIO Matt Hougan Says US Dollar, Money Printing Fears Could Accelerate a ‘Megatrend’

Matt Hougan, chief investment officer (CIO) at crypto asset manager Bitwise, says concerns about a weaker US dollar are creating a major trend for Bitcoin (BTC). In a new interview with CNBC, Hougan said more public companies are buying Bitcoin to keep it on their balance sheets as a hedge against the dollar’s decline caused by money printing and other factors. “We think this is a megatrend that will accelerate going forward. One reason, of course, is growing concerns about the dollar. Corporations around the world have accumulated record amounts of cash, and historically they’ve kept it in short-term US Treasuries, or essentially in checks. But with money printing ramping up and deficits growing, that approach no longer seems feasible. 

#Claim1,200 USDT in the Monthly Creation Challenge#Share Your Thoughts on Popular Assets in June#Do you think Tanssi is promising? #Do you think ANIME is promising?#BTC price hits a new high of $120,000!

4Share