Fiat Currency

Bitcoin is outperforming gold even as both assets rise on concerns that heavily indebted governments may rely on currency debasement to manage fiscal pressure. The bitcoin-to-gold ratio has climbed to 18.17, its highest level since January, meaning one BTC now buys a little more than 18 ounces of gold.

Bitcoin and gold are attracting renewed attention as investors weigh the implications of a record U.S. debt burden and potential dollar debasement. BTC is trading just above $65,000 while ether’s relative strength is fueling talk of a broader altcoin rotation.

Mexican billionaire Ricardo Salinas says bitcoin has outperformed real estate and protects wealth better than fiat currencies. He also says he urged his wife to mortgage her house to buy the cryptocurrency.