32 years in high-yield credit trading and analysis as PM and trader. Bitcoin enthusiast/realist. G-7 balance sheets (total debt to GDP) will cause all fiat currencies to depreciate. It is only math. Embrace bitcoin as a hedge against the debt spiral and the beggar thy neighbor strategy employed by all governments and central banks. The fractional banking system facilitates this imbalance. Quantitative easing exacerbates the imbalance. All portfolios need to hedge these risks. 1-3% exposure to bitco