US Dollar Declines, Investors Shift to Bitcoin, Gold, Silver
Key Points on Crypto Investments and US Dollar Trends:
- Bitcoin, gold, and silver prices are reaching all-time highs as the US dollar's value declines by 10% since early 2025.
- Citadel CEO Ken Griffin highlights a trend of investors moving away from the US dollar to hard assets due to perceived sovereign risk.
- Bitcoin recently hit new highs above $126,000 amid speculation of potential Federal Reserve rate cuts.
- The appeal of "debasement trade" assets like silver, gold, and Bitcoin is growing, influenced by current US fiscal and monetary policies similar to recession strategies.
- The US dollar’s dominance in global reserves has decreased to 56.3%, its lowest since 1994, with predictions it may fall below 50% within five years.
- Investment in spot Bitcoin ETFs, such as BlackRock’s IBIT, has surged, with nearly $1 billion inflows noted on October 6.
This shift to hard assets indicates a strategic de-risking from US currency, impacting asset values across diverse markets.