Investors are getting nervous. As global tensions rise and governments pile up massive amounts of debt, many people want to protect their money from a shrinking dollar. To meet this demand, Bitwise and Proficio Capital Partners launched a new investment fund on Thursday.
The Bitwise Proficio Currency Debasement ETF (symbol BPRO) does not follow the usual rules for stocks and bonds. Instead, it buys assets that aren’t tied to any single government or central bank. This includes gold, silver, and even bitcoin.
The creators of the fund believe that traditional currencies like the dollar or the euro carry more risk than they used to. They argue that holding government-issued money no longer compensates investors for the dangers of inflation and rising national debt. That is where “hard assets” come into play.
Gold serves as a major pillar of this strategy. The fund will always keep at least 25% of its money in gold, which has hit record highs throughout the year. But the fund extends beyond just one metal. Investors also get a slice of the action in silver, platinum, and palladium. It even invests in mining companies that extract these metals from the ground.
Proficio’s chief investment officer, Bob Haber, views these assets as a distinct category. He believes they represent “hard currencies” that sit apart from traditional financial systems. While stocks and bonds are the standard choice for most, Haber says it makes sense to look for alternatives when national policies feel unpredictable.
This new fund offers a way for regular people to spread their risk across several different alternatives at once. Whether gold keeps soaring or finally takes a breather, the people behind this fund are betting that the world’s hunger for hard assets will only grow as debt levels keep climbing across the globe.
