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Castle Investment Founder Expresses Concerns Over So-Called 'Devaluation Trades' in Gold and Bitcoin
Summary: In a recent interview, Castle Investment founder Ken Griffin expressed concerns over the increasing bets on gold, silver, and bitcoin by investors this year, a trend known as 'devaluation trades.' Investors are seeking assets safer than the US dollar, a trend that worries the billionaire. Griffin added, 'We are seeing a significant rise in prices ...
In a recent interview, Castle Investment founder Ken Griffin expressed concerns over the increasing bets on gold, silver, and bitcoin by investors this year, a trend known as 'devaluation trades.' Investors are seeking assets safer than the US dollar, a trend that worries the billionaire. Griffin added, 'We are seeing a significant rise in prices of assets outside the dollar, as investors look for effective ways to de-dollarize or reduce exposure to US sovereign risks in their portfolios.' (Bloomberg)
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Link: Castle Investment Founder Expresses Concerns Over So-Called 'Devaluation Trades' in Gold and Bitcoin [Copy]
