Core Insights - Investors allocated a record $5.95 billion to Bitcoin and other crypto investment products last week, driven by global currency debasement concerns [1][4] - Bitcoin investment products alone attracted $3.55 billion, marking the highest weekly inflow ever recorded [1][4] - The price of Bitcoin reached a new all-time high of $125,506, reflecting a 10% increase over the past week [2][4] Investment Trends - Over $3.2 billion of the inflows were directed towards U.S. Bitcoin ETFs, indicating strong domestic interest [2] - Ethereum ETFs also saw significant inflows, totaling $1.48 billion, contributing to a rebound for both Bitcoin and Ethereum funds after previous outflows [4] - Altcoin investment vehicles, including Solana and XRP, received record amounts of $706.5 million and $219.4 million, respectively [4] Market Conditions - The inflows were attributed to a delayed reaction to the Federal Open Market Committee (FOMC) interest rate cut, weak employment data, and concerns regarding U.S. government stability amid a shutdown [3][6] - The ongoing U.S. government shutdown and anticipated interest rate cuts have led to a rally in Bitcoin, gold, and other cryptocurrencies as investors seek to hedge against currency weakening [6]

Romain Costaseca / Hans Lucas / AFP via Getty Images The price of a bitcoin topped $125,000 over the weekend. Bitcoin (BTCUSD) is giving crypto stocks a lift after its price topped $125,000 over the weekend, reaching a new record. The world's largest cryptocurrency had been on a weeklong rally, validating bitcoin bulls' anticipation of fresh highs after September-end swoons. Bitcoin treasury Strategy (MSTR), crypto exchange Coinbase Global (COIN), and stablecoin issuer Circle (CRCL) were up at least 2% M ...

Core Insights - Bitcoin has reached a new all-time high (ATH) above $125,600, indicating strong market momentum and potential for further growth [1][2] - Significant inflows into spot Bitcoin ETFs, totaling approximately $3.2 billion last week, have contributed to this price surge, marking the second-best inflow week on record [2][6] - Macroeconomic factors, including a government shutdown, have prompted financial advisors to consider Bitcoin as a viable investment, with Morgan Stanley allowing brokers to solicit spot Bitcoin ETFs for clients [2][3] Market Dynamics - The increase in Bitcoin's price is attributed to a combination of inflows into ETFs and rising futures open interest, suggesting heightened investor interest [2] - Wealth advisors managing around $2 trillion in assets are now recommending Bitcoin allocations of 0-4%, reflecting a shift in investment strategy towards digital assets [3] - The prevailing sentiment in the market is focused on "debasement," with analysts suggesting that current economic conditions favor Bitcoin as a hedge against currency devaluation [5][6] Industry Reactions - Major financial institutions, including Goldman Sachs, are framing the current economic landscape as one of debasement, which they believe will drive more investors towards Bitcoin [5] - Other cryptocurrencies are also experiencing upward momentum, with BNB reaching a new ATH of $1,220 and various projects like ASTER gaining traction [5] - The overall sentiment in the crypto market remains positive, with expectations of continued interest and investment in Bitcoin and related assets [6]

Growing fiscal concerns in some of the world’s biggest economies are adding momentum to a so-called “debasement trade,” as investors flock to the perceived safety of Bitcoin, gold and silver while pulling away from major currencies. The yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next prime minister. French bond spreads blew out and the euro slid after the prime minister resigned, hurling the country into another political crisis. The dollar, which has weakene ...

You are going to hear about the “debasement trade” non-stop through the end of the year.It sounds new, but it is the same thing gold bugs and bitcoiners have been yelling about for years.Governments can’t print money forever without consequences. ...

Market Overview - The cryptocurrency market capitalization has decreased by 0.9%, now at $4.33 trillion, with fewer than 10 of the top 100 coins appreciating in the last 24 hours [1][2] - Total crypto trading volume is reported at $193 billion [1] Price Movements - 92 of the top 100 coins are down, including 9 of the top 10 coins; Bitcoin (BTC) is down 1.1% to $123,375, and Ethereum (ETH) has fallen 1.2% to $4,535 [2][3] - Dogecoin (DOGE) experienced the largest drop of 3.4%, while Binance Coin (BNB) is the only coin in the top 10 that appreciated, rising by 2% to $1,200 [3] Top Gainers and Losers - Among the top 100 coins, only eight are up, with Provenance Blockchain (HASH) leading at a 13.4% increase to $0.03745 [4] - The largest declines are seen in Pump-fun (PUMP) and Ethena (ENA), which dropped by 9.4% and 8.5%, respectively [4] Market Sentiment and Trends - The "debasement trade" is gaining traction due to rising national debts and political instability, leading to a shift from fiat assets to cryptocurrencies [5] - Bitcoin's recent surge past $125,000 and gold's new highs indicate increasing demand for hard assets [5] Future Projections - Analysts predict that Bitcoin could reach $145,000 by the end of the year or early next year, following its recent high above $125,000 [6] - There is an expectation of a potential bear market next year, with the depth of the sell-off yet to be determined [6] - Spot ETF inflows are seen as a significant factor driving Bitcoin's price, indicating strong interest from institutional investors [6]

Economic Overview - The US national debt has reached $37.88 trillion as of October 2, 2025, increasing by $2.2 trillion since October 2024, which translates to $283,098 per household [1] - The average interest rate on total marketable debt is 3.415%, leading to $241.26 billion in interest payments over the past year [1] Asset Movements - Bitcoin surpassed $125,000 and gold reached a record $3,924.39 per troy ounce, indicating a significant shift towards alternative assets [2] - The US dollar has declined over 10% year-to-date, losing 40% of its purchasing power since 2000, prompting investors to seek safety in Bitcoin, gold, and silver [2] Debt Projections - If the current growth rate continues, the US national debt is projected to hit $38 trillion by December 9, 2025, with each additional trillion accumulating in approximately 169 days [3] - The Congressional Budget Office forecasts net interest as a share of outlays to rise to 13.55% in fiscal year 2025 and 14.11% by 2027 [3] Market Correlation - The correlation coefficient between gold and the S&P 500 reached a record 0.91 in 2024, indicating that these assets moved in tandem 91% of the time [4] - The S&P 500 has increased by 40% over six months, adding $16 trillion in market capitalization, while the Nasdaq 100 has seen six consecutive monthly gains [4] Precious Metals Rally - Gold has increased nearly 47% year-to-date in 2025, driven by over 1,000 tons of central bank purchases, particularly from China and India, alongside Federal Reserve rate cuts [5] - Analysts note a pattern of dollar debasement against alternative reserve assets, similar to trends observed after the global financial crisis [5]

Core Viewpoint - The current government shutdown has intensified the "debasement trade," where investors are diversifying away from fiat currencies like the U.S. dollar, favoring assets such as gold and bitcoin due to concerns over inflation and fiscal policy [2][5][6]. Group 1: Market Trends - Gold for December delivery reached a record high of $3,908.90 per ounce, marking the 41st record-high settlement of the year [3]. - Bitcoin briefly surpassed $125,000, achieving a new all-time high [3]. - The ICE U.S. Dollar Index has decreased by approximately 10% this year, reflecting a decline in the dollar's value [3]. Group 2: Investor Behavior - Individual investors have increasingly embraced the debasement trade, with significant flows into gold and bitcoin ETFs noted, particularly since the government shutdown began [6][7]. - Institutional investors are also participating, buying both bitcoin and gold futures since 2024, indicating a broader acceptance of this trading theme [7]. Group 3: Economic Factors - Persistent high deficits and rising government debt are contributing to the momentum of the debasement trade, as these factors create uncertainty regarding the U.S. dollar's long-term value [6][12]. - Analysts suggest that the political dysfunction and high federal deficits are likely to continue, further supporting the attractiveness of gold and bitcoin as alternative investments [6][12]. Group 4: Future Outlook - Analysts predict that gold prices could exceed $4,000 by the end of the year, driven by ongoing concerns about currency debasement and inflation [11]. - The factors supporting the debasement trade are expected to remain in place for an extended period, suggesting continued interest in gold and bitcoin as safe-haven assets [11][12].

Suhaimi Abdullah / Bloomberg via Getty Images Bitcoin recently touched a new record high. Signage outside a crypto conference in Singapore on Oct. 1. Key Takeaways The price of bitcoin managed a new record above $125,000, setting a fresh high for the first time since August. Its price has retreated somewhat since. But a monthslong climb how has the market value of bitcoin equivalent to that of the biggest companies in the S&P 500. Bitcoin nabbed a new high. The leading cryptocurrency overnight touc ...

Bitcoin has crossed the Rubicon.JPM likening it to gold, calling out the debasement trade, Citi calling for $235k BTC by next year...No turning back now.Mohamed A. El-Erian (@elerianm):Per this CNBC reporting, the strategy favoring gold and Bitcoin now has a name: JP Morgan analysts are calling it "the debasement trade."#economy #gold #bitcoin @jpmorgan @CNBC https://t.co/tl1BOMCgz8 ...