【Viewpoint: The market is currently at the end of a long-term debt cycle, and Bitcoin may 'completely destroy' all asset classes】Jinse Finance reports that Joe Burnett, the Strategic Director of Semler Scientific, a Bitcoin treasury company, stated on the X platform that the market is currently at the end of the long-term debt cycle as described by Ray Dalio. This means that stocks are being bid up to extreme valuations, real estate is being driven to high valuations, and fixed-income products are also at extreme valuation levels. The ultimate result of the long-term debt cycle is the devaluation of fiat currencies, and the only exit is hard currency. Gold has been the hardest currency in the past, and Bitcoin is the hardest currency now; Bitcoin may completely destroy all asset classes.