Renowned hedge fund manager and macroeconomic expert, Hugh Hendry, has issued a major warning about the US banking system and the overall economy. In an interview on Bloomberg Markets, Hendry claims that mass panic and capital flight from US banks are entirely justifiable. He goes on to explain that if there is a further decline in M2 money supply, which tracks money in liquid checking accounts, the US government may step in to prevent citizens from taking their capital out of the banking system. The decrease in M2 could reach a level where the Treasury and Federal Reserve have no other option but to restrict US citizens from pulling their money out of the banking sector. Hendry believes that Bitcoin and US Treasuries are two assets that could thrive amid the economic uncertainty. He suggests that owning ultra-long Treasuries could be a good move for investors. Hendry also foresees Bitcoin as an asset that could trade three or four times higher in the next five years.