Merkle Tree Capital

Gold, Bitcoin and the debasement trade

by | Oct 7, 2025

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Ryan recently published analysis on Solana on Livewire

Gold has fulfilled that role for 5,000 years. Its supply grows slowly at 1-2% p.a., it carries no counterparty risk, and it is accepted worldwide. Central banks, particularly in emerging markets, have been large net buyers for years...

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