Wall Street refocuses on the dollar debasement trade

Political and fiscal uncertainty in the US is prompting investors to reassess the dollar and seek alternative assets. As some investors have reduced their dollar holdings, Bitcoin and gold have seen their value soar. Wall Street calls the strategy the "debasement trade," referring to fears that the dollar could be devalued. The term draws on the historical practice of rulers, including England's King Henry VIII and Roman emperor Nero, who diluted gold and silver coins with cheaper metals such as copper.

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