Investors Turn to Bitcoin and Gold as Hedges Against US Debt

Neoclassic Capital co-founder Michael Bucella suggests that Bitcoin's recent price performance is driven by its role as a hedge against currency debasement rather than US legislative developments. With US national debt exceeding $40 trillion, investors are increasingly grouping Bitcoin with gold and the Swiss franc as scarce assets. Despite the stalling of the Digital Asset Market Clarity Act, Bucella notes that market sentiment remains resilient, supported by strong ETF inflows and the emergence of new lending products that allow holders to leverage their assets without selling.