Onramp Bitcoin Media Debasement Endgame: Bitcoin ATHs, Gold Near $4K, & Bonds Bleeding
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Oct 6, 2025 Explore the recent surges in Bitcoin and gold, and how institutions are shifting their focus toward these assets as a hedge against currency debasement. Discover the launch of Galaxy One, bridging traditional finance with crypto, and the evolving landscape of stablecoins. The discussion also dives into credit market risks, the impact of subsidies on corporate economics, and innovative use cases for stablecoins in basic income initiatives. Wrap up with insights on AI's influence on venture funding and market dynamics.
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Debasement Trade Goes Mainstream
- Gold and Bitcoin are simultaneously rallying as the market embraces a 'debasement trade'.
- Institutional narratives are shifting from 2% hedges to meaningful allocations in hard assets.
V1 Incumbents, V2 Native Winners
- Institutional distribution will give incumbents a strong V1 advantage, but they may lose V2 to native builders.
- Legacy firms' inertia and client flows create an innovators dilemma around digital-asset product evolution.
Protect Holdings With Multi‑Institution Custody
- Avoid holding large Bitcoin allocations in omnibus custody without thinking about multi-institution protections.
- Demand custody setups that reduce unilateral control and rehypothecation risk.