Battered bitcoin could find solace in war-led 'debasement' trade

The article suggests that bitcoin's recent decline may be mitigated by a potential 'debasement' trade, driven by global events such as war, which could lead to increased investment in alternative assets like cryptocurrency. This trade is based on the idea that fiat currencies may be devalued in times of conflict, making alternative stores of value more attractive. The article implies a potential bullish outlook for bitcoin despite its current battered state.