Balance sheet challenges could lead to Bitcoin gains, Lawrence Lepard warns - Traders Union

Source: Traders Union

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DW NOTE

Lawrence Lepard is right that balance sheet rot precedes monetary debasement — he's wrong if he thinks Bitcoin benefits automatically. The U.S. federal deficit hit $1.4 trillion through June, producer inflation is running at 5.51%, and gold has fallen 24.8% from its January high despite textbook conditions for monetary hedge demand. Store-of-value assets do not rally because they should; they rally when capital has nowhere else to hide, and right now it still does.

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