- Todd Horwitz criticizes the US fiat currency system, calling it fraudulent.
- Horwitz supports Bitcoin inclusion in a basket of assets to back the US dollar.
- He sees Bitcoin price reaching $35,000 and then $40,000 over six months.
In a recent interview with Todd Horwitz, Chief Market Strategist at BubbaTrading.com, the discussion shifted to the potential role of Bitcoin (BTC) as both a currency and commodity for backing the US dollar as political candidates advocate for a return to hard asset-backed currency.
The interviewer Highlighted a fascinating trend among US 2024 presidential candidates, with Democratic candidate Robert Kennedy Jr. advocating backing the US dollar with hard assets like gold, silver, platinum, and even Bitcoin. Kennedy believed this move could stabilize the economy, curb inflation, and usher in a new American financial stability and prosperity era.
When asked about his thoughts on this trend, Todd Horwitz criticized the current fiat currency system, calling it fraudulent. He emphasized the need for currency to have some backing to prevent governments and central banks from reducing its value at will.
Horwitz acknowledged the poten…
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