In Switzerland, People Are Long on Franc, Gold, BTC Because of US $40T Debt
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Following the US national debt exceeding $40 trillion, some investors are reportedly turning to non-dollar assets. Neoclassic Capital co-founder Michael Bucella stated in an interview that gold, the Swiss franc, and Bitcoin (BTC) are among the preferred assets for hedging against the risk of currency depreciation. According to Bucella, the rapid increase in US debt has led some investors to shift their portfolios to non-dollar assets. Source: Bi…
In Switzerland, People Are Long on Franc, Gold, BTC Because of US $40T Debt
Neoclassic Capital co-founder Michael Bucella says Bitcoin (BTC) is climbing for reasons that have little to do with Washington, framing the rally instead as part of a broader move into gold, the Swiss franc, and Bitcoin as debasement hedges. Speaking on CNBC's Power Lunch, Bucella pointed to a US...
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