Founder of Morgan Creek: In the current market situation, Bitcoin is the recipe for solving the "deflation spiral"

On October 7th, the US dollar continued to weaken for the Fed to cut interest rates. Mark Yusko, founder, CEO and chief investment officer of Morgan Creek Capital Management, during the market turmoil, the demand for safe-haven assets will usually rise. The current situation is what Yusko calls “the deflation death spiral”, which may make bitcoin a typical hedging tool, even if the cryptocurrency is in a tepid state. Yusko further pointed out that Bitcoin is a good solution to all these problems.