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Jeff Boothhas: Bitcoin will be the lifeboat during the financial storm

Jeff-Boothhas--Bitcoin-will-be-the-lifeboat-during-the-financial-storm Jeff Boothhas | American entrepreneur

American entrepreneur and author of the book "The Price of the Future" Jeff Boothhas called Bitcoin a must-have asset for investment in the current financial situation.

Jeff Boothhas writes that even before the COVID-19 pandemic, the combined public debt of all countries in the world was $ 250 trillion, with a total global annual GDP of $ 135 trillion. At the same time, $ 185 trillion of debt has been accumulated over the past 20 years. After the pandemic, the situation got worse.

The author of The Prices of the Future believes that when this bubble bursts, the world economy will be shaken. He sees two options, and both are rather grim. Either deflation-related public debt defaults, or? on the contrary, hyperinflation leading to default. The second option, Boothhas believes, is more likely, given the trillions of dollars "printed" during the epidemic. 


"In my humble opinion - Bitcoin is a "must" Not just for your wealth but as a lifeboat. Please do your own research," said Jeff Boothhas. 


Recently, former hedge fund manager and host of CNBC's Mad Money, Jim Cramer, described Bitcoin as a good choice to hedge against inflationary risks. 

SOURCE

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