Bitcoin or Gold? Strategist Says They Reflect Bets on America's Future

James E. Thorne, Chief Market Strategist at Wellington-Altus, framed bitcoin and gold as opposing bets on the US economy. "For the record. Bitcoin Is a Bet on Trump’s Success. Gold Is a Bet on America’s Failure," he wrote. Thorne said gold has become a "verdict" rather than simply protection against inflation, reflecting a lack of confidence in "Trump’s economic revolution" and policymakers’ ability to reform an economy burdened by excessive debt.

He argued investors piling into gold are effectively betting the US will continue down a path of monetary expansion, debt accumulation, and currency debasement: "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." By contrast, he called bitcoin a "speculative flag of success," a digital bet that regulatory clarity for the crypto sector, including measures such as the proposed CLARITY Act, alongside broader policy shifts, would position the US as a global crypto hub.

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