Investors are flocking to gold and bitcoin as anxiety over U.S. government bonds and the dollar grow..

Bitcoin has risen more than 20% in a week
Gold prices have also rebounded to exceed $4,600
Dollar depreciation bets are spreading again
National debt surpasses $40 trillion for the first time in U.S. history

Investors are flocking to gold and bitcoin as anxiety over U.S. government bonds and the dollar grows. While the U.S. government is expanding its purchases of government bonds to curb soaring interest rates on long-term government bonds, the government's move to find assets whose value is not easily diluted instead of dollars has increased as the national debt has surpassed $40 trillion for the first time in history.

According to the Associated Press on the 22nd (local time), Bitcoin surpassed $79,000 during the day on the 21st, the highest level in about three months. It fell from about $95,000 in January to below $60,000 at the end of June, but jumped more than 20% this week alone.

Gold also rebounded strongly. Gold prices, which exceeded $5,300 an ounce in January and fell to around $4,000 in June, rose to $4,661 on the 21st. In particular, on the 19th, it jumped more than 4% in one day and exceeded $4,500.

It was the U.S. Treasury market that ignited both assets at the same time. On the 19th, the U.S. Treasury Department decided to more than double the amount of buybacks (early repayment) on 10-30-year long-term government bonds from $2 billion to at least $4 billion per session. The market stabilized as long-term government bond sales intensified due to concerns over U.S. fiscal and inflation.