TL;DR
The “debasement trade” thesis says that runaway government debt and zero-rate money printing are chipping away at fiat currencies, so investors have been piling into stocks, gold, Bitcoin and real estate instead.
This video dives into where that idea comes from, why it’s gained so much steam lately, the bull case for it sticking around, the main criticisms, and who might actually be onto something (or totally off-base).
Watch on YouTube
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