Why Wall Street’s old ‘wall of worry’ and new ‘debasement trade’ are boosting gold, bitcoin in typically volatile October
Gold and Bitcoin have recently reached record highs amid rising investor anxiety regarding inflation, national debt, and the weakening dollar. The “debasement trade” reflects a shift towards alternative assets as hedges against potential fiat currency erosion. This trend signifies a changing landscape in investment strategy, prioritizing scarcity-based assets over conventional options.