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Currency Debasement Was So 2020. Now What? Bitcoin and gold have run into what may be bear-market headwinds from vigilant central banks. I don't believe revived concern about currency debasement will buoy the former high fliers, as the biggest money pump in history in 2020 may be shifting to an inevitable post-inflation deflation cycle. For the first time since 3Q21, when they were on the way down, fed funds futures in one year (FF13-FF1) are priced for roughly 50 bps. #DailyOrbit