Tom Lee, Co-founder of Fundstrat Global Advisors, recently suggested that Bitcoin could potentially be used as a Treasury reserve asset to help with the US deficit. Lee believes that as Bitcoin’s value appreciates, it could offset the growing US debt. He highlights Bitcoin’s deflationary nature and its limited supply, which makes it a potential hedge against inflation.
If Bitcoin’s price continues to rise, it could increase the value of Treasury reserves and remove the government’s liabilities. Lee also discussed the economic landscape, expecting the stock market to remain resilient despite inflation and other challenges. He believes there are strong opportunities for investors in both traditional and digital assets, and he sees growing adoption and acceptance of Bitcoin among retail investors, which could push its price even higher.
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<p>The post A Recent Interview with CNBC: Bitcoin as a Treasury Reserve Asset first appeared on CoinBuzzFeed.</p>
