Gold and BTC Surge As Bessent Reignites The "Debasement Trade" - 24/7 Wall St.
Gold and BTC Surge As Bessent Reignites The "Debasement Trade" - 24/7 Wall St.
Source: 24/7 Wall St.
―
DW NOTE
Bessent floated a tax holiday for repatriated earnings last week. The market heard "we'll fund deficits by printing" and bid gold to $4,690 and Bitcoin past $100,000. When Treasury Secretaries start talking about exempting offshore cash from taxation to close a $1.9 trillion deficit, the debasement trade isn't a theory — it's policy.