US Debt at Risk: Bitcoin Should Be Hedge, Says Shapeshift Founder

IconCryptoNewsTerminal Staff16 Jul, 2024

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US Debt at Risk: Bitcoin Should Be Hedge, Says Shapeshift Founder

Erik Voorhees, the founder of Shapeshift, recently warned about the increasing US debt and how Bitcoin should be used as a hedge against such a financial catastrophe. The national debt is projected to increase by over $1 trillion annually, a daunting risk to the US economy. Voorhees emphasizes that Bitcoin can mitigate these risks and suggests that US policymakers like Donald Trump and J.D. Vance should focus on creating a crypto-friendly environment to prevent a financial disaster. ```