Gold and Bitcoin Are Rallying as Debasement Chatter Picks Up - Bloomberg.com

Gold and Bitcoin Are Rallying as Debasement Chatter Picks Up - Bloomberg.com

Source: Bloomberg.com

DW NOTE

Gold at $4,677 is still 12% below the January high of $5,318 — which means the asset that supposedly hedges everything has spent seven months falling while the Strait of Hormuz closed and two ceasefires collapsed. Bitcoin's trajectory isn't in the data, but if both are rallying on "debasement chatter" rather than actual monetary debasement, the rally is narrative, not valuation.

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