Scott Bessent's Bond Buyback Plan Puts Currency Debasement 'Back in Focus' — Crypto and Gold Gain Momentum

Capital markets commentator The Kobeissi Letter highlighted on Monday a surge in investor interest in currency debasement narratives, alongside a rotation into gold and Bitcoin .Spike in Debasement Mentions in MediaThe Kobeissi Letter cited Bloomberg data indicating that the word "debasement" appeared in over 1,500 articles last week, marking the highest weekly count since January.The mentions more than doubled from the previous week and surged 750% over two weeks.Currency debasement is back in focus for investors:The word "debasement" appeared in 1,533 Bloomberg articles last week, the highest weekly count since January 2026.This was also the 3rd-highest number of weekly mentions on record.This figure more than doubled from the… Google search data pointed in the same direction, with interest in “debasement” surging sharply in the second half of August.The Macro Trigger BehindThe renewed focus stemmed from Treasury actions under Secretary Scott Bessent, the Kobeissi Letter stated.Traders immediately, sending yields lower and the dollar index lower.At the same time, it fueled rotation into Bitcoin and gold.Asset30-Day Gains +/-Price (Recorded at 9:30 p.m. EDT)Bitcoin+23.41%$78,296Spot Gold +9.91%$4,442 Read Also: Crypto, Gold Funds Record Increased InflowsMoreover, cryptocurrency-based funds recorded $3.2 billion in inflows last week, the largest since October 2025, with BlackRock’s iShares Bitcoin Trust ETF  IBIT) capturing most of the recent demand.Similarly, gold funds recorded $7.3 billion in inflows last week, also the biggest since October 2025.“The rush into crypto and gold is gaining momentum,” the Kobeissi Letter remarked.BREAKING: Crypto funds attracted +$3.2 billion in inflows last week, their largest weekly intake since October 2025.The largest crypto ETF, , attracted +$928 million last week, following +$1.3 billion in the prior week, its biggest 2-week inflow since October 2025.As a… Bloomberg senior ETF analyst Eric Balchunas said last week that the “debasement trade” is taking the spotlight from AI.VanEck’s Head of Digital Asset Research, Matthew Sigel, said that the Treasury’s announcement has led the market to prIce in a "structurally weaker dollar, and Bitcoin is "one of the best hedges" for that dynamic. Read Also: Bitcoin Could Hit $1M if AI Agents Fuel Tokenization Demand, Macro Expert Says Image via Shutterstock/ Maxim Elramsisy