Exiting Treasuries for gold and bitcoin is the trade of the decade, as the debasement-hedge story gets louder. China's Treasury holdings have declined steadily since 2021, and if that pace continues, the narrative is just getting started. x.com  x.com 

Bitcoin benefits as the risk of creating gold through alchemy has entered public consciousness. That perceived threat to gold's scarcity supports a long Bitcoin position as a persistent theme. x.com 

Rising Treasury yields make non-yielding gold less attractive, setting up one major selloff before the next big rally. Oil above $100 adds inflation and rate pressure; higher yields could lift the dollar, while gold ETF outflows and forced selling in a liquidity crisis add risk. The Benner Cycle flags 2026 as a potential selling period. The long-term bull market is not necessarily over: central banks are still buying and long-term demand remains strong. Gold is not worth chasing at these levels. … Show more

Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com  x.com  x.com 

Gold should benefit because the US Treasury and the Fed will do whatever it takes to bring long-term bond yields under control and save confidence in the dollar. That means de facto money printing through new short-term debt, swap lines to governments hurt by the Iran war and buying foreign currencies so holders don't sell US debt. These actions are inflationary, making crypto and gold the assets to own. Stocks can keep rising for a while but may not stay the fastest runner. x.com 

Gold is under pressure because a sharply higher US 10-year yield, now 5.22%, makes holding a zero-yield asset expensive in opportunity cost. Gold fell 3% and silver 5% in a day after two weeks of rising yields. Gold has also moved inversely to bitcoin over the past week, a sign speculative flows are favoring crypto over real assets. x.com 

Gold and bitcoin should benefit because the Fed is not going to hike rates, so priced-in hikes must be priced out. Treasury Secretary Bessent is fighting for his life in the 30-year market, and a Warsh hike flattening the curve would hurt him, so the two are unlikely to be at odds. The US also looks headed to war with Iran, when the government most wants cheap funding. If they do hike, Bessent stepping further into the 30-year market would be bearish for the dollar. x.com  x.com 

Bitcoin is a hedge against the coming disaster of bloated US debt and nonstop money printing. It forms a two-pronged hedge with gold, which complements it and is best added on sell-offs over time, while ongoing savings contributions go into bitcoin. x.com 

Gold is hard to hold at a 0% yield while interest rates keep rising. @Mr_Derivatives notes gold's 3.93% drop at the close was the fifth-worst drawdown of the year, driven by rates. x.com 

Gold and bitcoin should benefit from debasement as the US government, now the least credible it has ever been, faces higher borrowing costs that make its growing debt harder to finance, leading to money printing and more inflation. Bonds' risk-free status is eroding as the 10-year signals rising inflation and Fed hikes fail to slow a hot economy or fix an energy supply shock. x.com