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Bitcoin’s debasement trade hits a contradiction as MARA sells $1.5 billion while JPMorgan calls it the new gold


Bitcoin’s debasement trade hits a contradiction as MARA sells $1.5 billion while JPMorgan calls it the new gold

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Bitcoin rallied roughly 30% from a February low near $62,000 to about $80,621 by May 12, driven by renewed investor interest in assets seen as resistant to currency debasement. The move boosts crypto adoption and market impact conversations as investors revisit Bitcoin's role as a store of value versus gold amid fiscal stress, posing questions for DeFi, exchanges, and risk management.

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Bitcoin has climbed roughly 30% over the past two months, from a February low near $62,000 to around $80,621 by May 12, helped by renewed interest in assets seen as resistant to currency debasement. The rally has revived an old debate. Can Bitcoin actually behave like gold during periods of fiscal stress, or is it...
Read the article at CryptoPolitan

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In This News

Coins

$ 64.07K

+1.20%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: