Gold and Bitcoin rally together as US debt tops $40 trillion and interest payments near $1 trillion, fueling the debasement trade among

Bitcoin surged 23% to the upper $70Ks after Ray Dalio warned of a US debt crisis within three years and advised investors to hold gold and

Bessent lit the fuse. Gold and Bitcoin did the rest. Now the trade is getting dangerously crowded.

US debt concerns fuel debasement trade, all eyes on Fed chair Warsh's speech