Zach Pandl: U.S. Debt Chart Is "Most Important Macro Chart in the World," Sees Crypto Benefiting
Zach Pandl says the U.S. debt chart is the most important macro chart in the world, arguing that continued debt growth is creating fiat currency risk and pushing investors back into crypto.
He notes U.S. debt has been rising since 2009, around the same time Bitcoin ($BTC) was created, and says the government's persistent spending beyond tax revenue is creating ongoing debasement risk.
Pandl believes Bitcoin, Ethereum ($ETH), and Zcash ($ZEC) could benefit as investors look for ways to protect portfolios from fiat currency risk.