Gold Rises, Bitcoin Falls: Is the “Debasement Trade” Cracking or Evolving?
The “debasement commerce,” a technique championed by each retail and institutional buyers betting on onerous property like gold and Bitcoin to hedge towards fiat foreign money decline, is below contemporary scrutiny after a dramatic divergence in efficiency. On October 10, the “Black Friday Crypto Crash” worn out over $19 billion in leveraged positions, sending Bitcoin…
