Joe Burnett, head of strategy at Semler Scientific, has declared Bitcoin as the "hardest currency" in the current market landscape. Writing on the X platform, Burnett highlighted that the market is at the end of a long-term debt cycle, a concept popularized by Ray Dalio, where stocks, real estate, and fixed income products are reaching extreme valuations. He suggests that the devaluation of fiat currencies is inevitable, positioning Bitcoin as a potential successor to gold as a hard currency. Burnett argues that Bitcoin's inherent properties could lead it to overshadow traditional asset classes. As fiat currencies face devaluation pressures, Bitcoin's role as a hard currency could become more pronounced, potentially reshaping the financial landscape.