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US Debt Just Hit Another Record. Here’s the Case Investors Are Making for Bitcoin and Gold
The US national debt set another record this month, and it has revived an argument that had gone quiet: that the surest hedge against a government borrowing without limit is an asset the government cannot print. CoinDesk’s markets daybook led on Monday with record federal debt as the force pushing investors toward bitcoin and gold to shelter from dollar devaluation. The case rests on a trajectory that is unusually easy to see coming and on a narrative, the so-called debasement trade, that is old, well-funded, and currently being made louder than it has been in months. What it is not, yet, is visible in the price. ... (full story)
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From fool.com | 5 hr ago
Risk appetite improved as falling oil prices and a de-escalation of U.S.-Iran tensions eased inflation fears. Traders also pared downside hedges ahead of this week’s Federal Reserve meeting, when markets expect rates to remain unchanged. Spot Bitcoin ETF flows had been positive for much of July, after significant losses in June. However, there were over ...
