TechFlow news, on October 7, Ken Griffin, founder of Citadel, said in a recent interview with Bloomberg that investors have increasingly bet on gold, silver, and bitcoin this year—a trend known as the "devaluation trade." Investors are seeking assets safer than the U.S. dollar, a development that Griffin finds "very concerning." Griffin stated, "We are seeing significant price increases in assets outside the U.S. dollar; investors are actively looking for effective ways to de-dollarize or reduce exposure to U.S. sovereign risk in their portfolios." It is reported that recent record highs in gold and bitcoin prices may have been driven by the ongoing U.S. government shutdown standoff and expectations of interest rate cuts.
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