Matt Hougan says gold's rise is driven by sovereign-level self-custody demand
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Bitwise Chief Investment Officer Matt Hougan stated that the surge in gold prices is not only due to market concerns over debt and currency devaluation, but is also driven by a sharp increase in sovereign-level demand for "self-custodied wealth" across countries. He pointed out that this factor has been seriously underestimated in the market, but it has now become an important driver of gold buying.
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