Home Cryptocurrency Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon

Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon

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In the past five days, bitcoin (BTC) has surged 7%, breaking through $64,000 for the first time since Aug. 26. Gold, for its part, has reached all-time highs on over 30 occasions this year, topping $2,600 an ounce. These remarkable performances mark the first time since bitcoin’s inception in 2009 that both are the top-performing assets of the year, according to Charlie Bilello, the chief market strategist at Creative Planning, an investment management and financial planning firm.

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