The “debasement trade,” a strategy championed by both retail and institutional investors betting on hard assets like gold and Bitcoin to hedge against fiat currency decline, is under fresh scrutiny after a dramatic divergence in performance. On October 10, the “Black Friday Crypto Crash” wiped out over $19 billion in leveraged positions, sending Bitcoin (BTC) tumbling, while gold surged to record highs, breaching the $4,000 mark. Gold Surges as Safe-Haven Demand Skyrockets Recently, concerns over inflation and Federal Reserve independence fueled the move toward hard assets. The shift was so marked that JPMorgan analysts coined the term “debasement trade
source: https://beincrypto.com/crypto-crash-vs-gold-rally-what-it-means/