[Opinion: Long-term debt cycle may lead to fiat currency devaluation, Bitcoin could destroy other asset classes] Odaily Planet Daily News - Joe Burnett, Strategic Director at Bitcoin treasury company Semler Scientific, posted on the X platform stating that the market is currently at the end of the long-term debt cycle described by Ray Dalio. This implies that stocks are being bid up to extreme valuations, real estate is being pushed to inflated valuations, and fixed-income products are also at extreme valuation levels. The ultimate outcome of the long-term debt cycle is fiat currency devaluation, and the only way out is hard money. Gold was the hardest currency in the past, Bitcoin is the hardest currency now, and Bitcoin could completely destroy all other asset classes.