💥 Grayscale says the debasement trade is back — and Bitcoin could benefit
Grayscale’s research team says the so-called debasement trade is returning as U.S. government debt continues to expand. U.S. public debt has now surpassed $40 trillion, while the Treasury has increased bond buybacks to ease rising borrowing costs.
Grayscale argues that persistent fiscal deficits and growing interest expenses could undermine confidence in fiat currencies and push investors toward scarce stores of value such as Bitcoin, Ethereum and Zcash. Bitcoin has already benefited from a weaker dollar and renewed demand for non-yielding assets following the Treasury’s buyback announcement.
The key question is whether this is a short-term macro trade or the beginning of a longer-term shift away from fiat exposure.
#Bitcoin #Grayscale #DebasementTrade
#ThuyBNB
$BTC $BNB $NEAR
Grayscale’s research team says the so-called debasement trade is returning as U.S. government debt continues to expand. U.S. public debt has now surpassed $40 trillion, while the Treasury has increased bond buybacks to ease rising borrowing costs.
Grayscale argues that persistent fiscal deficits and growing interest expenses could undermine confidence in fiat currencies and push investors toward scarce stores of value such as Bitcoin, Ethereum and Zcash. Bitcoin has already benefited from a weaker dollar and renewed demand for non-yielding assets following the Treasury’s buyback announcement.
The key question is whether this is a short-term macro trade or the beginning of a longer-term shift away from fiat exposure.
#Bitcoin #Grayscale #DebasementTrade
#ThuyBNB
$BTC $BNB $NEAR
