---
title: "Bessent Got His Wish. Now Gold And Bitcoin Are Going Berserk: Here’s What Comes Next"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296766402.md"
description: "Scott Bessent's efforts to lower long yields have reinforced the weak-dollar and debasement trade, causing violent rallies in gold and Bitcoin. While the fundamental case remains intact, market dynamics have shifted from depressed positioning to record gold futures buying, massive CTA demand, and extreme repricing of upside skew, with Bitcoin exhibiting similar signs."
datetime: "2026-08-24T09:46:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296766402.md)
  - [en](https://longbridge.com/en/news/296766402.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296766402.md)
generator: "portal-rs"
---

# Bessent Got His Wish. Now Gold And Bitcoin Are Going Berserk: Here’s What Comes Next

## **The Debasement Chase**

Bessent’s push to get long yields lower has reinforced the weak-dollar/debasement trade, and gold and BTC have responded violently.

The fundamental case remains intact, but the character of the trade has changed. What started with depressed positioning and plenty of room for a squeeze has turned into record gold futures buying, massive CTA demand and an extreme repricing of upside skew. BTC is now showing many of the same signs.

### Related Stocks

- [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [GLDI.US](https://longbridge.com/en/quote/GLDI.US.md)
- [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md)
- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)
- [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [GLL.US](https://longbridge.com/en/quote/GLL.US.md)
- [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md)
- [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md)
- [UGL.US](https://longbridge.com/en/quote/UGL.US.md)
- [BITO.US](https://longbridge.com/en/quote/BITO.US.md)
- [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md)
- [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md)
- [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md)
- [HODL.US](https://longbridge.com/en/quote/HODL.US.md)
- [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md)
- [03008.HK](https://longbridge.com/en/quote/03008.HK.md)
- [03042.HK](https://longbridge.com/en/quote/03042.HK.md)
- [03430.HK](https://longbridge.com/en/quote/03430.HK.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md)
- [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md)

## Related News & Research

- [Thailand not planning any tax on gold soon, trader says](https://longbridge.com/en/news/297143800.md)
- [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md)
- [Gold Price Forecast: Hotter-Than-Expected PCE Inflation Pressures Gold, Will Warsh's Jackson Hole Speech Spark a New Rally?](https://longbridge.com/en/news/297150229.md)
- [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md)
- [Hyperscale Data reports 278.03 BTC in treasury worth $21.6M](https://longbridge.com/en/news/296913023.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**