
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.'