Citadel’s Ken Griffin says gold, silver, BTC lead ‘debasement trade’

Citadel’s founder and CEO Ken Griffin confirmed the trend to pick silver, gold, and BTC as a ‘debasement trade’, counting on security against weakening ￰0￱ believes individual investors are seeking ways to de-dollarize. Citadel’s founder and CEO Keith Griffin commented that individual investors are seeking ways to escape dollar ￰1￱ recently emerging ‘debasement trade’ means more investors are moving into silver, gold, and BTC, as tools for avoiding the dollar’s inflation. “ We’re seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-a-vis US sovereign risk,” Griffin said in an interview for ￰2￱ ongoing US government shutdown preceded record prices for gold and later BTC, in what has emerged as a ‘debasement trade’ in ￰3￱ official shutdown from October 1 onward caused one of the record rallies for BTC, breaking to new all-time ￰4￱ comparison, during the 2023 bear market, the US government impasse caused a 30% price ￰5￱ on Polymarket predictions, the overwhelming expectation is that the shutdown will continue, ending after October ￰6￱ the BTC rally continues without a correction, it would further confirm the debasement trade narrative.

Griffin: US economy may be over-supplied with fiat Griffin claimed the US economy was operating with a stimulus that would be fitting in a ￰7￱ inflow of liquidity is boosting all markets, as BTC, gold and S&P 500 now move together to new peaks. Griffin’s comments come at a time when the US M2 money supply is expanding once ￰8￱ months of expansion translated into a BTC rally , but the real trigger for the new all-time peak was the US government ￰9￱ M2 money supply in the USA follows worldwide trends, serving as a driver to all markets. |