- Natalie Brunell has deemphasized the notion that Bitcoin would face a potential collapse by 2026.
- According to Brunell, she is more concerned with a collapse in the bond market or the current fiat system.
- Brunell explained that deflation is incompatible with the current fiat system.
Award-winning journalist Natalie Brunell has deemphasized the notion that Bitcoin would face a potential collapse by 2026. Brunell expressed her opinion in a recent interview on FOX Business, stressing that she will be more concerned with a collapse in the bond market or the current fiat system.
According to Brunell, the current fiat system is built on credit, where the money in the bank is an IOU and someone’s liability. She said:
I would be more concerned with a collapse within the bond market or current fiat system because we live in a system built on credit. Our money in the bank is not our money. It is an IOU and someone’s liability.
Brunell further noted that deflation is incompatible with the current fiat system, citing that it would collapse, and the Federal Reserve (Fed) is trying to do everything possible to tighten the system. However, the media commentator believes the Fed doesn’t want deflation because it needs it to stay solvent.
According to Brunell, instead of worrying about a Bitcoin collapse by 2026, Bitcoiners are worried about the current system’s sustainability. According to her, celebrating falling inflation means that Americans are paying ridiculously higher prices for everything, and the rate of it getting more expensive is just slowing down and getting back to 2%.
The award-winning journalist questioned why Americans would need 2% of their purchasing power stolen yearly. She affirmed that instead, Bitcoiners want technological progress and productivity to flow to people. In addition, she noted that the Bitcoin community wants hard money instead of a system that is just based on credit. They want to invest in something that cannot be printed out of thin air and devalued.
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Source: https://coinedition.com/bitcoin-is-more-sustainable-than-bond-market-and-fiat-system/