Grayscale Research Says Government Debt Fuels 'Debasement Trade,' Boosting Bitcoin
Grayscale research links rising U.S. debt to a debasement trade that will benefit bitcoin, citing Treasury buyback moves.
5 h ago8 min read
Gold
Grayscale: Bitcoin's Gold Correlation Tops 50% as Debasement Trade Returns
Grayscale research shows Bitcoin's 90-day correlation with gold rose above 50%, as the debasement trade gains traction amid rising US debt.
6 h ago12 min read
European markets tread carefully before Jackson Hole symposium
Markets were quiet as traders awaited Fed Chair Warsh's Jackson Hole speech. European stocks edged higher, while currencies and gold were little changed.
14 h ago5 min read
Gold Miner Shares Soar 43% in August, Their Best Month Ever
Gold miners have climbed 43% in August, a record monthly performance, while the debasement trade lifts gold, copper and Bitcoin.
15 h ago11 min read
Gold holds steady as market awaits Warsh's Jackson Hole speech
Gold prices remain steady around $4,600 as traders await Fed Chair Warsh's Jackson Hole speech.
15 h ago5 min read
Bitcoin ETFs See Billions in New Inflows Amid Rally
Bitcoin ETFs attracted $2.56 billion in new investment over the past week, pushing BTC to $78,302. The rally follows a Treasury announcement boosting the…
19 h ago8 min read
Binance Founder CZ Forecasts Bitcoin to Reach $1M and Outpace Gold
Binance founder CZ predicted at Bitcoin Asia that Bitcoin will hit $1 million and surpass gold's market value, warning nations against ignoring it.
19 h ago8 min read