Shifting Away from Dollar: Investors Seek Safe Haven Assets Amid Devaluation Concerns

Hedge fund billionaire Ken Griffin recently voiced concern about the growing trend of investors favoring gold, silver, and Bitcoin as safe-haven assets this year. This ‘devaluation trade,’ as it’s known, reflects a wider search for assets less vulnerable to fluctuations in the U.S. dollar’s value. Griffin observed a surge in the prices of non-dollar assets, driven by investors seeking ways to mitigate exposure to potential risks associated with U.S. sovereign debt.