Bitcoin and gold surge as Bessent’s bond market intervention weighs on dollar - Financial Times

Bitcoin and gold surge as Bessent’s bond market intervention weighs on dollar - Financial Times

Source: Financial Times

DW NOTE

Bessent's bond intervention is trying to cap yields while the fiscal deficit runs at 6% of GDP and oil supply is contracting by 4%. Gold at $4,677 and Bitcoin rallying aren't betting on currency strength — they're pricing the interval between when the market loses confidence in the intervention and when it fails outright.

Read the full story at Financial Times →