Crypto diehards tell anyone who will listen to put their faith in Bitcoin instead of currency printed by the U.S. government. For years, this was a fringe position, but lately it’s getting support from some unlikely quarters—including from a longtime currency analyst at Deutsche Bank who told MarketWatch that the rise of crypto is part of a “revolt” against the greenback.
The alleged revolt came about as a response to the profligacy of the U.S. government, which, according to detractors, has undermined the dollar with years of “quantitative easing,“ near-zero interest rates, and rampant stimulus. This has led both consumers and foreign governments to look to alternatives.
