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Saifedean Ammous, author / academic at Self-employed, claims that unless there is a default on U.S. treasuries, investors are ultimately repaid in devalued dollars.
He characterizes this as a consequence of the fiat system and suggests buying bitcoin as a strategy to mitigate the risk of being negatively impacted.
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Ammous previously compared 15-year returns for bitcoin and long-term U.S. Treasuries, showing bitcoin's significant outperformance. He has also noted that the 10-year Treasury yield is nearing a 19-year high as U.S. debt to GDP has doubled since 2007. These observations provide context for his recent comments on dollar devaluation.