$BTC — Bitcoin, Gold and the Return of the Debasement Trade — WSJ 🔔
The debasement trade, where investors flee the dollar and major currencies for gold, bitcoin and other alternative assets, is making a comeback following the Treasury's efforts this week to curb borrowing costs. After months of trading in a tight range, bitcoin has rallied sharply since the Treasury Department announced an expanded bond buyback program on Wednesday.
#BTC #BTCUSDT #CryptoNews
The debasement trade, where investors flee the dollar and major currencies for gold, bitcoin and other alternative assets, is making a comeback following the Treasury's efforts this week to curb borrowing costs. After months of trading in a tight range, bitcoin has rallied sharply since the Treasury Department announced an expanded bond buyback program on Wednesday.
#BTC #BTCUSDT #CryptoNews