Citadel Founder Ken Griffin Warns of Run From Dollar Into Bitcoin and Gold as Both Assets Hit New ATHs

Core Insights - A significant shift in investor sentiment is observed as capital flows from the U.S. dollar into gold and Bitcoin, raising concerns among financial leaders [1][8] - Both gold and Bitcoin have reached all-time highs, with gold priced at $3,900 per ounce and Bitcoin surpassing $126,000 [2][8] Market Dynamics - Gold has historically served as a safe haven during market stress, with its recent rise attributed to expectations of a Federal Reserve rate cut and geopolitical uncertainties [3] - Bitcoin is increasingly viewed as a digital equivalent to gold, benefiting from its scarcity and accessibility, which positions it as a vital asset in modern investment portfolios [6] De-Dollarization Trends - The decline of the dollar's dominance in global trade is accelerating, with more countries opting for local currencies or digital assets for cross-border transactions [5] - Analysts suggest that the current macroeconomic conditions are driving investors towards scarce, non-sovereign assets like Bitcoin and gold, indicating a potential long-term shift in capital markets [9] Future Outlook - Bitcoin's momentum is expected to continue, with analysts noting minimal technical barriers to further price increases [9] - The combination of gold and Bitcoin is becoming a focal point in what is termed a global "debasement trade," reflecting a growing skepticism towards the U.S. dollar [9]