Debasement Fears Send Bitcoin and Gold Prices Soaring

The term 'debasement' has been on the rise in financial circles, with its mention increasing by 750% in just two weeks, according to data from Bloomberg.

This surge in concern over currency debasement has led to a significant increase in demand for Bitcoin and gold, which are often seen as safe-haven assets.

Bitcoin's price rose more than 23% in August, while gold is on track for a roughly 9.7% monthly gain, driven by investors' concerns over the dollar and Treasury intervention in the bond market.

Fidelity's liquidity model puts gold's implied value at $5,025 per ounce, about 9% above its current price, indicating growing investor demand for the precious metal.