Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grayscale
Bitcoin Magazine Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grayscale The so-called debasement trade is benefiting bitcoin, the asset manager's research team has said. This post Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grays
Source: Bitcoin Magazine
―
DW NOTE
US public debt passed $40 trillion. The Treasury is buying back bonds to manage borrowing costs. Grayscale calls this a setup for the "debasement trade" — rotation into bitcoin as fiat credibility erodes. Except gold is down 14.9% from January and the Fed has held rates at 3.65% for months. If debasement were the dominant trade, hard assets would be screaming. They're not.