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As U.S. national debt has surpassed $40 trillion, some investors are using non-dollar assets such as gold, the Swiss franc and BTC to hedge against the risk of currency depreciation, Neoclassic Capital co-founder Michael Bucella said in a CNBC interview.
Bucella added that the growing availability of BTC-backed lending products in the U.S. is creating conditions for holders to secure liquidity without selling BTC. BTC still retains the characteristics of a risk asset, however, and may remain sensitive to macroeconomic conditions.