Widely followed crypto analyst and Bitcoin bull Will Clemente says that there’s a large-scale macro setup now forming for BTC.
Addressing his 690,000 followers on the social media platform X, Clemente says that the US economy is now in a position where it absolutely has to issue more dollars in order to service its debt.
The analyst says that given the probability of the US expanding its money supply much further over the next few years, significant currency debasement will be inevitable.
Says Clemente,
“…Why would you not just continue debasing the debt away? At this point, we have continued to do so for so long that the amount of debt we’ve accumulated relative to GDP (gross domestic product) leaves only one realistic option to avoid defaulting, which is monetary debasement.
Many would consider the structure of what the US is doing to be a Ponzi scheme, as they issue debt that’s paid down by issuing more monetary units and newly issued debt.”
With the trend of rapid money printing likely to continue, Clemente considers which assets will be the best performing, He says that out of the stock market, commodities, real estate and even venture/angel investing, Bitcoin still looks the most promising.
“Commodities seem like a decent long-term bet, but ultimately the choosing of which largely can boil down to scarcity, utility, and monetary properties. While gold has traditionally been widely viewed as the go-to commodity to own during periods of debasement, after the next Bitcoin halving, the digital asset will have a higher stock-to-flow ratio than both gold and silver; while also being more transportable, divisible, verifiable, and provably scarce than all other commodities on the planet.”
With a growing portion of Americans feeling economically disenfranchised or “left behind,” Clemente says they will ultimately seek alternative assets and economic systems, setting the stage for a large wave of Bitcoin adoption.
“I believe these dynamics will create the preconditioning for a willingness to adopt an alternative monetary system; and with the existence of an escape valve via Bitcoin today, my money is on the first successful iteration of digital scarcity becoming adopted by society. Not to mention a similar dynamic takes place on the nation-state level with the US itself benefitting from the dollar system and others not.
Meanwhile, combined with the structural trends of debt/demographics and the obvious trend of the world…
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