357
144 shares, 357 points

Lawrence Lepard, managing partner of Equity Management Associates, said that a monetary system collapse is imminent and that the trigger will be violent inflation. Lepard drew attention to the robustness of these two assets, saying that gold and Bitcoin could “replace money” after this collapse. He also shared his long-term “epic” predictions.

Lepard: The monetary system is breaking down!

Speaking in an interview, Lepard, executive director of Equity Management Associates, said, “We have reached the highest debt and highest printing as the solution to our problems. “Money supply growth has become almost vertical, and that’s how inflation starts, which can turn into hyperinflation.” Stating that the system is broken and needs to be reset, Lepard stated that “as we know it” the US dollar will collapse in the next ten years and used the following statements:

The current dollar will be dead in ten years. It will be completely worthless. In ten years this monetary system will fail. When we get to the point where inflation is rising, which I believe we are getting to, people will say that this monetary system is not working. All fiat money will eventually return to its true value of zero.

“Gold and Bitcoin can replace money,” said Lepard, explaining his predictions

According to Lepard, one of the possible substitutes for the US dollar on a global stage would be Bitcoin or gold. Lepard described both assets as “solid money”. Cryptocoin. com

As we reported , Bitcoin reached new records yesterday, with the effect of the successful launch of the first Bitcoin ETF. At the end of the day, it’s all about inflation and the real value of both gold and Bitcoin should already be much higher, according to Lepard. “If you look back at the old monetary rates, gold should have easily hit $10,000 by now. “If you look at Bitcoin, it could easily be $200,000 right now,” he said.

Lepard suggested sticking with assets that will hold their value in these inflationary times. “Houses, physical gold and silver, gold and silver mining stocks. Bitcoin is an emerging form of hard money. You need to move some of your assets to something that gives you inflation protection,” he added. According to the manager, gold will be worth $2,700 one year later, $5,000 five years later, and “infinite” dollars in ten years. Lepard also predicts that Bitcoin will reach $150,000 in one year and $2 million in five years.


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