Saxo Bank: Bitcoin Revalued as Scarce Non-Sovereign Asset Amid U.S. Debt and Regulatory Shifts - Cryptonews.net
Saxo Bank: Bitcoin Revalued as Scarce Non-Sovereign Asset Amid U.S. Debt and Regulatory Shifts - Cryptonews.net
Source: Cryptonews.net
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DW NOTE
Saxo Bank has noticed what the bond market already priced in: sovereign debt is a rolling crisis and Bitcoin is finite. The U.S. fiscal deficit will hit $1.9 trillion this year — 6% of GDP — while the Fed holds rates flat through year-end because inflation won't budge toward the 2% target. Calling Bitcoin "scarce" in that context isn't insight, it's arithmetic.