Mark Moss explains JP Morgan's recent call of Bitcoin as a "debasement trade," arguing the bank is admitting governments will keep printing money. He says investors should move into hard assets like gold and Bitcoin to protect against inflation.
Someone asked me earlier today, when will Bitcoin move from like this risk-on asset to like this risk-off asset? When will it be deemed like a safety trade? And I said, I think a lot of people have already seen it like that for a while, but I think if you look at JP Morgan's announcement last week, call it the debasement trade, that maybe put the pin in it. And so what JP Morgan is basically saying is that governments will always debase their currency, they will continue to print forever. And so the trade, the obvious trade, is to leave the fiat currency and go to a hard asset. And the hard assets are gold and Bitcoin. If you want to know more about creating a wealth operating system, just comment ready and we'll send you the link.
