Ballooning U.S. debt sends investors to bitcoin, gold to shelter from dollar devaluation - CoinDesk
Source: CoinDesk
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DW NOTE
The Treasury is issuing debt at 4.71% while producer prices rise at 5.51%. That's not refinancing, it's compounding. Gold and bitcoin aren't speculation on dollar devaluation — they're recognition that it's already underway.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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