crypto institution, xrp, solana, bitcoin, institution arbitrage, tokenized treasuries, crypto bank. Photo by BeInCrypto The “debasement trade,” a strategy championed by both retail and institutional investors betting on hard assets like gold and Bitcoin to hedge against fiat currency decline, is under fresh scrutiny after a dramatic divergence in performance. On October 10, the “Black Friday Crypto Crash” wiped out over $19 billion in leveraged positions, sending Bitcoin (BTC) tumbling, while gold surged ...