The "debasement trade" narrative is gaining momentum as investors shift from government-backed assets to Bitcoin as a hedge against currency devaluation, with Bitwise CIO Matt Hougan predicting its popularity through 2026. Bitcoin's fixed 21 million supply and independence from central banks position it as a digital hard asset, with the concept rooted in its 2009 genesis block referencing bank bailouts. Despite market volatility, Bitcoin has risen 50% over the past year, with experts noting its foundational role in countering fiat erosion amid rising global debt and inflation concerns.