Bitcoin is the purest hedge on currency debasement — an important distinction, and one we’ve been harping...Monetary inflation drives currency debasement — which in turn boosts asset prices as the denominator...With the path for future fiscal deficits all but inevitable, we’re finally seeing the currency debasement...

Gold has broken out already too, reinforcing the currency debasement trend is intact....Gold’s Structural Demand, Debasement Trend Shines At the start of the year, we called gold “one of the...Productive growth assets tied to real economic activity and debasement-sensitive assets can both do well...

Our thesis was the secular trend of global currency debasement would continue — if not accelerate — and...If global currency debasement was the virus, bitcoin was the most effective antidote.

The most obvious, and likely, solution is a combination of debasement and a sprint for automation....preservation while the structural realities of demographic inversion, rising deficits, political division, and debasement...Front-running debasement and confiscation in Bitcoin, Zcash, and the distributed agentic economy against...

The currency debasement narrative is taking hold, sparking demand for assets that can fight back....We see a similar relationship if we swap in BTC — the highest beta bet on currency debasement and monetary...

Fed Liquidity is essentially a tracker on US monetary growth — and monetary growth drives currency debasement...In a world where the Fed — and other central banks — are driving 5-7% annual debasement of their currencies...

...in anticipation of these easing conditions, as crypto is one of the purest bets on global currency debasement...Historically, if an investor wanted to hedge against currency debasement, they only had a few choices...

...cyclical inflationary pressures from housing and labor have been easing, we remain in a structural debasement...2026 Sources: Delphi Digital, Macrobond Delphi Digital | 18 Higher energy costs + currency being debased...Combined with the structural debasement backdrop, this is historically a bad environment for risk assets...

...price, but it falls short of telling the bigger story at play right now — the story of global currency debasement...

...mailing list has morphed into an asset colloquially known as ‘digital gold’, a hedge against global fiat debasement...

...decent time horizon, it is hard to be bearish an asset class programmed to move higher the more that debasement...

...important difference between inflation (as is commonly measured by indicators like CPI) and currency debasement...We explained that consumer price inflation and currency debasement are two sides of a similar coin, but...Those banking on the currency debasement narrative are also hurting as the dollar has only gotten stronger...

...important difference between inflation (as is commonly measured by indicators like CPI) and currency debasement...We explained that consumer price inflation and currency debasement are two sides of a similar coin, but...Those banking on the currency debasement narrative are also hurting as the dollar has only gotten stronger...

...be allocated in a world with ever increasing deficit spending (and the knock-on effects of currency debasement...

This is no surprise, as equities and crypto both benefit from currency debasement....We know a stronger USD is no friend of currency debasement hedges.

Consumer price inflation and currency debasement are two sides of the same coin, but their impact on...Introduction Bitcoin is one of the purest plays on fiat currency debasement....dollar is in determining the direction of global markets, especially assets tethered to the currency debasement...

The reason for adoption might vary, be it diversification or hedging against the dollar debasement, but...

… Data as of September 2025 Source: Bloomberg Hence why we expect this runaway train of monetary debasement...

In a world where the Fed — and other central banks — are driving 5-7% annual debasement of their currencies...Global Liquidity → Currency Debasement Marches On On the macro front, reality has been falling in line...value proposition is ultimately the purest expression of it — the most pure hedge on global currency debasement...

But what began as a macro hedge against fiat debasement has since evolved into a repeatable capital structure...