Bitcoin historian and editor Pete Rizzo stated on X today, October 10, 2026, that "DEBASEMENT IS REAL. #BITCOIN IS COMING". Rizzo made the comment in response to a quote he attributed to former Federal Reserve Chair Jerome Powell, who reportedly said, "THE END OF THE BRETON-WOODS ERA CHANGED MONETARY POLICY". Rizzo characterized Powell's alleged statement as "THE MOST IMPORTANT CENTRAL BANK IN THE WORLD IS SAYING THE QUIET PART OUT LOUD", connecting it to his view on currency devaluation.
The assertion comes as Bitcoin is trading at $82,762. Recent Gokhshtein Media reports have detailed Bitcoin's significant market activity, including its 3-Sigma Paradox, which noted 10 extreme swings in 2026 despite lower overall volatility. French yields recently hit a 22-year high, with Bitcoin capturing capital fleeing traditional markets. Grant Cardone publicly disclosed a holding of 3,000 Bitcoin, highlighting increasing adoption among notable investors. The Crypto Fear & Greed Index stands at 64, indicating a state of Greed.
Rizzo's view suggests that fundamental changes in global monetary policy, particularly the shift away from the Bretton Woods system, have fostered a systemic devaluation of fiat currencies. He argues that Bitcoin represents an essential alternative to this debasement. His statement positions Bitcoin as an inevitable and necessary response to these perceived economic conditions, emphasizing its role as a long-term store of value against traditional currency trends.
