Bitwise Asset Management stole the market’s attention when it launched the Bitwise Proficio Currency Debasement ETF (BPRO), a new fund that combines Bitcoin, gold and mining stocks in a single investment product.
At 9:40 this morning, Bitcoin opened at $89,740, down 0.02% since it opened early Friday in Asian trading.
Unlike regular Bitcoin ETFs that only hold BTC, BPRO is actively managed and is required to maintain at least a 25% gold holding.
The focus is clearly on protecting wealth from the effects of inflation and the decline in the purchasing power of fiat currencies, not chasing short-term profits.
The move reflects a shift in the crypto narrative among institutions.
Where Bitcoin was once seen as a high-risk speculative asset, it is now increasingly accepted as part of a macro strategy and capital preservation, paired with traditional assets like gold.
However, the reality is that Bitcoin has recently underperformed gold, especially as political uncertainty and pressure on central banks increase.
This situation raises the question of whether Bitcoin is really effective as a debasement hedge in the short term.
