Wellington-Altus Chief Market Strategist James Thorne argues buying Bitcoin (CRYPTO: BTC) means betting Trump’s economic reforms succeed, while buying gold is betting America fails—framing the two assets as opposing verdicts on the country’s future.
The Two-America Thesis
Thorne argued on X gold no longer functions as a simple inflation hedge.
Rising gold demand reflects growing disbelief that Trump’s economic program can reform an economy drowning in debt.
“It is the old guard’s confession that they see only one way out of excessive leverage: print, debase, and hope the music doesn’t stop,” Thorne wrote.
Meanwhile, the Bitcoin case rests on reform.
Trump, Treasury Secretary Bessent, and Fed nominee Kevin Warsh argue America can stop paying banks to sit on cash and redirect capital from Treasury holdings back into the productive economy.
If that works, growth shrinks debt rather …