record-high $34.578 trillion debt<\/a>.<\/p>\nAccording to Mallers, he sees the government eventually turning on the money printers and issuing more dollars to meet its financial obligations.<\/p>\n
\u201cOur government is in debt. Traditionally, if I owed you $20, I\u2019d have two options. I\u2019d, one, have to default on that\u2026 The other is I could pay it back. Those are classically the two options that anyone in debt has right.<\/em><\/p>\nNow, the government, because they centrally plan and control our currency, unfortunately has a third and that\u2019s they can print more money, devalue the debt that they have and that they owe and allocate more capital to themselves so our government can\u2019t default.<\/em><\/p>\nThe US, the United States of America cannot default on debt. It would collapse the entire planet. We also cannot afford to pay it back\u2026 This is just 101 basics [of] how the world works. If we can\u2019t default and we can\u2019t pay it back, what\u2019s the only option that they have to do no matter what they set and tell you at the Fed chair meetings and all of the economists?\u00a0<\/em><\/p>\nThey have to issue more dollars.\u201d<\/em><\/p>\nWith more dollars in the system, Mallers believes that the surplus of fiat currency will find its way into assets with a limited supply like BTC.<\/p>\n
\u201cAnd so if there\u2019s going to be more pieces of green paper, you want them competing for the most fixed thing. There\u2019s more dollars that are competing for a fixed amount of Bitcoin.<\/em><\/p>\nYes, real estate is going to go up, too, because there\u2019s more dollars competing for real estate. But they can make more real estate. They can find more gold. They can\u2019t make any more Bitcoin.\u201d\u00a0<\/em><\/p>\nAt time of writing, Bitcoin is trading for $70,301.<\/p>\n