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Gold and Bitcoin Are Rallying as Debasement Chatter Picks Up
Gold and Bitcoin are rallying as discussions concerning debasement increase. Separately, Bessent’s bond buyback was cited as the trigger for a decline in the dollar.
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Adjacent reporting
- Is the ‘debasement trade’ dead? Outflows from gold and bitcoin ETFs suggest investors are moving on
- JPMorgan says debasement trade retreat has ‘accelerated’ for bitcoin
- Gold, silver and bitcoin are getting rocked, and angry investors can blame Kevin Warsh
- Why a selloff in gold and silver is dragging bitcoin down