Opinion: The market is currently at the end of a long-term debt cycle, and Bitcoin may "completely destroy" all asset classes

Joe Burnett, strategic director of Bitcoin Treasury company Semler Scientific, posted on platform X, stating that the market is currently at the end of the long-term debt cycle as mentioned by Ray Dalio. This means that stocks are bid to extreme valuations, real estate is bid up to high valuations, and fixed income products are also at extreme valuation levels. The ultimate result of the long-term debt cycle is currency depreciation, the only way out is hard currency, gold was the hardest currency in the past, Bitcoin is the hardest currency now, Bitcoin may completely destroy all asset classes.