According to TheBlock, Morgan Stanley analysts led by Nikolaos Panigirtzoglou stated in a report on Friday that "the appreciation of gold prices over the past year far exceeds the trend implied by changes in the US dollar and actual bond yields, and is likely to reflect the resurgence of this' devaluation trade '." They added that the record capital inflows into the cryptocurrency market in 2024 indicate that Bitcoin is also becoming a "more important component" of investors' investment portfolios. Depreciation trading refers to a strategy in which investors turn to assets such as gold and Bitcoin to hedge against the depreciation of fiat currencies, which is often driven by factors such as inflation, increased government debt, and geopolitical instability. @uohju