@bredubevare
One interpretation views Bitcoin as a hedge against long-term monetary debasement rather than short-term market shocks. Its fixed supply contrasts with fiat currencies that can be expanded during fiscal or monetary crises. In this sense, Bitcoin’s role in the global macro system resembles digital gold, appealing to investors concerned about inflation, debt accumulation, and currency dilution. Its safe-haven potential is strongest over long time horizons, not during immediate crises.
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