PANews reported on October 7th that Ken Griffin, founder of Fortress Investments, stated in a recent interview that investors have been increasing their bets on gold, silver, and Bitcoin this year. This trend, known as the "depreciation trade," has the billionaire seeking assets that are safer than the US dollar, a trend that has him extremely concerned. Ken Griffin added: "We are seeing a significant rise in the prices of assets other than the US dollar, and investors are looking for effective ways to de-dollarize or reduce their portfolio exposure to US sovereign risk." (Bloomberg)PANews reported on October 7th that Ken Griffin, founder of Fortress Investments, stated in a recent interview that investors have been increasing their bets on gold, silver, and Bitcoin this year. This trend, known as the "depreciation trade," has the billionaire seeking assets that are safer than the US dollar, a trend that has him extremely concerned. Ken Griffin added: "We are seeing a significant rise in the prices of assets other than the US dollar, and investors are looking for effective ways to de-dollarize or reduce their portfolio exposure to US sovereign risk." (Bloomberg)
Citadel Investments founder expresses concern about so-called "devaluation trades" betting on gold and Bitcoin
PANews reported on October 7th that Ken Griffin, founder of Fortress Investments, stated in a recent interview that investors have been increasing their bets on gold, silver, and Bitcoin this year. This trend, known as the "depreciation trade," has the billionaire seeking assets that are safer than the US dollar, a trend that has him extremely concerned. Ken Griffin added: "We are seeing a significant rise in the prices of assets other than the US dollar, and investors are looking for effective ways to de-dollarize or reduce their portfolio exposure to US sovereign risk." (Bloomberg)
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