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Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

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Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus. Bitcoin’s Co…

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Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade
Bitcoin.com News 1h ago

Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus. Bitcoin’s Co…