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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

JPM Sees Bitcoin Reach $165K by 2025-End as Dollar Debasement Trend Fuels Risk Rally in BTC and Gold

The ongoing gold and bitcoin rally could sustain in the near term. (Credit: Credit: inkdrop)

The US government shutdown has investors flocking to safe-haven or alternative assets like gold and bitcoin (BTC). Bitcoin prices reached a record high of over $125,000 (£93,049) per token while gold prices surged to an all-time high of close to $3,950 (£2,940) per ounce.

Market experts believe the government shutdown could push more money into safe-haven assets, a trend they are calling the 'debasement trade.'

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