CoinDesk reported that Bitcoin showed a stronger upward trend than gold, with the value of 1 BTC surpassing 18 ounces of gold. The ratio of the BTC price divided by the price of 1 ounce of gold reached 18.17, the highest since January, with high debt in major developed countries and concerns about the dilution of fiat currency values being cited as the backdrop for the rise of BTC and gold. In this situation, U.S. Treasury Secretary Scott Bessent said at the G20 meeting on the 31st (local time), "The whole world is burdened with enormous debt, and we must solve this through growth." In response, SkyBridge Capital founder Anthony Scaramucci commented via X, "This statement itself is the investment thesis for BTC." CoinDesk explained, "Unlike fiat currency, BTC's supply cannot be increased by policy decisions, making its investment appeal stand out when concerns about currency value dilution grow."
