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Bloomberg: Bitcoin's Record Rally Fueled by Surging Options Market Bets

2025.10.07 00:08:21

On October 7th, according to Bloomberg, on Sunday, a fund migration triggered by a phenomenon called "debasement trading" set a brand-new all-time high for Bitcoin. During this period, as investors flocked to safe-haven assets due to the U.S. government shutdown. This rally took place during the U.S. government shutdown, which led to an increased demand for assets regarded as safe havens. Owing to the shutdown, the U.S. Bureau of Labor Statistics failed to release nonfarm payroll data on Friday. Meanwhile, the price of gold broke through $1900 per ounce on Monday, reaching a new high and maintaining its upward trend for months, with Bitcoin taking the lead in the cryptocurrency field. Analysts at JPMorgan Chase stated in a report last Friday: "In the context of Washington's dysfunction, the debasement pattern of the U.S. dollar relative to other reserve assets has re-emerged."
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