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The 'debasement trade' returns after Bessent bond maneuver. Crypto and gold are back in style

CNBC

BusinessCNBC·Aug 25, 2026·1 min read

The 'debasement trade' returns after Bessent bond maneuver. Crypto and gold are back in style

Concern over the size and the cost of U.S. government spending has given new life to the debasement trade.

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