Mallers’ statement about BTC being the solution to a failing financial system stems from Parker Luiz. According to the CEO, Bitcoin’s ongoing shift from a hedge to a solution is the reason why the flagship asset is facing a sell-off.
Furthermore, the CEO claims that BTC is not a hedge as the asset is not expected to perform exceptionally well in the early stages of a financial crisis. This is due to the fact that every asset tends to drop during a period of financial turmoil, drawing attention to the 2008 crisis prior to BTC’s launch.
