How bitcoin and gold went from a slump to an MVP week in just a few days

Bitcoin and gold surge as Bessent's bond market intervention weighs on dollar

Bitcoin (+23% this week at ~$77.3k) and gold (+13% in August) surge as U.S. Treasury boosts long-term bond purchases, weakening the dollar. Signals return of "debasement trade"—investors flee dollars when U.S. policy credibility erodes, raising FX and inflation risks for tech leaders managing global operations.