MarketPR
Wall Street is increasingly pairing Bitcoin with traditional assets like gold to hedge against U.S. currency debasement, a strategy gaining traction after Treasury Secretary Scott Bessent announced on Aug.
19 that the government would expand its purchases of long-dated bonds effective Sept.
This move, designed to keep bond yields low, has fueled investor fears of rising inflation and pushed demand toward scarce stores of value.
Bitcoin (CRYPTO: BTC) is up 22% since Bessent's announcement, while gold, as measured by the SPDR Gold Shares ETF (NYSEMKT: GLD), is down 2%.
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