Gold and Bitcoin surged this week as U.S. Treasury shockingly doubled its bond-buying plans to calm markets, while national debt hit $40 trillion—sparking a “debasement trade” that pushed both assets higher. With inflation fears and energy spikes fueling investor flight to alternatives, Bitcoin broke out of its trading range after Treasury moves crushed the dollar and yields, triggering a cascade of long-bearish positions being liquidated and sending prices soaring over 20%. Meanwhile, Washington signaled crypto support with a White House conference and new regulatory proposals aimed at easing capital-raising for crypto firms.
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