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Bitcoin Benefiting Alongside Gold in Debasement Trade
Often pitted against each other, gold and Bitcoin are both benefiting from the effects of the current “debasement trade.” In turn, this creates investment opportunities to capture upside in ETFs that offer exposure to cryptocurrencies. As the Wall Street Journal indicated, the debasement trade stems from the flight to alternative assets like gold and Bitcoin as a way to seek refuge from a declining dollar. This trade could gain further momentum as the U.S. Federal Reserve continue to cut rates. Bitcoin is often viewed as the digital store of value that sits opposite to the physical variant: gold. As such, they ... (full story)