Gold has surged to a record high in 2025, driven by renewed interest in the "currency debasement trade." According to Robin Brooks of Brookings, gold has returned 68% year-to-date, while silver has seen an impressive increase of nearly 140%. This surge is attributed to Federal Reserve Chair Powell's dovish remarks at the Jackson Hole symposium and a recent 25-basis-point rate cut in December. The market's response to these developments has also sparked increased interest in altcoins, as traders anticipate further easing measures from the Federal Reserve. On-chain data indicates a growing focus on alternative cryptocurrencies, reflecting broader market expectations of continued monetary policy adjustments.