U.S. debt expansion drives investors to shift to Bitcoin and gold to hedge against U.S. dollar depreciation risk
Source:
www.coindesk.com
According to CoinDesk, U.S. federal debt has risen to a historic high of approximately $39.7 trillion. The continued growth of debt is reinforcing market focus on the "currency debasement trade," which involves buying limited-supply assets such as gold and Bitcoin to hedge against the risk of declining fiat currency value.