Why Wall Street’s old ‘wall of worry’ and new ‘debasement’ trade are boosting gold, bitcoin in typically volatile October | Crypto Craft

  • Why Wall Street’s old ‘wall of worry’ and new ‘debasement’ trade are boosting gold, bitcoin in typically volatile October

    From cnbc.com

    Gold and bitcoin have traded to record highs as investors look for protection in what’s typically a volatile October for the market. Rising inflation and debt, a weakening U.S. dollar, the government shutdown, and Wall Street’s newest buzz, the “debasement trade,” have all boosted assets beyond stocks and bonds. “This whole debasement trade is benefiting gold,” Amplify ETFs CEO Christian Magoon said on CNBC’s “ETF Edge” this week. The Federal Reserve’s battle with inflation and the mounting national debt have heightened investor concern about long-term currency stability. As of early October, the ... (full story)

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