Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon

Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon

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Source: Coindesk.com

Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time this month. Gold has hit all-time highs, surpassing $2,600 an ounce. These standout performances are linked to increased global liquidity, with expanding global central bank balance sheets and the Federal Reserve's recent rate cut stimulating investment and economic activity.

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The post "Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon" appeared first here Coindesk.com.

Source: Coindesk.com

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