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Gold and BTC Surge As Bessent Reignites The "Debasement Trade"

Gold and bitcoin are gaining as investors hedge against a weaker dollar, with the U.S. dollar index hitting three-month lows last week.

Summary by 24/7 Wall St.
Treasury Secretary Bessent's bond moves sent gold and bitcoin surging together, reviving the debasement trade narrative. But strip away the two-week rally and the data tells a very different story about whether these two assets are actually doing the same job.

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The 'debasement trade' returns after Bessent bond maneuver. Crypto and gold are back in style

Concern over the size and the cost of U.S. government spending has given new life to the debasement trade.

·Englewood Cliffs, United States
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Bitcoin World broke the news on Monday, August 24, 2026.
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