Jefurui Group leader: The collapse of the US dollar will benefit Bitcoin holders

Golden Finance reported that Chris Wood, the global stock strategist at the well-known Wall Street investment bank Jefferies Group, said that the potential collapse of the US dollar standard could greatly benefit Bitcoin holders in the country. A series of macroeconomic issues such as aggressive monetary policy and continuously rising debt levels have posed increasing risks to the US dollar's long-standing dominant position as the world's primary reserve currency, which could lead to more individuals adopting Bitcoin as a hedge. Bitcoin is included because of its enormous potential. This is because, given the increasing evidence of G7 currency depreciation strategies over the past two decades, encrypted assets provide a good choice for risk capital seeking value storage. If the unconventional monetary policy is not canceled in a responsible manner, the current US dollar fiat system is expected to collapse. Therefore, he believes that Bitcoin and gold holders may reap huge benefits, making them the main beneficiaries in a financial environment with significant currency volatility.