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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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.
Yield Products vs. Holding The Underlying
- New TradFi-branded yield products (e.g., Galaxy One 8% APY) will compete with direct BTC exposure.
- These yields are dollar-denominated and carry execution and counterparty tradeoffs versus holding the underlying.
Denomination Shapes Business Incentives
- Denominating businesses in Bitcoin or gold will change incentives and capital allocation.
- Some founders and spinouts will prefer returning Bitcoin rather than dollars as the debasement trade progresses.