Bitcoin (BTC) is now investors’ best bet against central bank money printing, a new report from asset manager Grayscale concludes.
In the document, titled “Quantitative Tightening,” the world’s largest digital currency asset manager warned that unlimited fiat money supply risks “debasement” of the U.S. dollar.
Grayscale: gold safe-haven role “antiquated”
BTC, the largest cryptocurrency, is an ideal safe haven, its technical prowess setting aside from gold, fiat and government bonds.
“Untenable levels of debt and fears of widespread default are driving the most aggressive monetary policies since Bitcoin’s creation,” the report concludes.