Gold, silver shine in debasement trade as bitcoin is left behind

Bitcoin's (BTC) stark rejection at $90,000 on Wednesday was a quick reminder for investors that precious metals like gold and silver are the real winners of the debasement trade, not — at least for the moment — digital gold. Back in October, JPMorgan analysts said that gold and bitcoin were both benefitting and would continue to benefit from the so-called debasement trade. They projected BTC to follow gold's lead, putting a $165,000 BTC price target on a volatility-adjusted basis relative to gold. So fa ...