Reuters: Worsening U.S. debt outlook more reflected in gold and Bitcoin

Market observers said that although the US Treasury market has so far been relatively optimistic about the country's fiscal path, part of the reason for the recent surge in gold and bitcoin prices is concern about the rapid rise in US government debt. The uncontrolled growth of US government debt is attracting more and more attention, as interest payments also account for a larger share of the government's budget. This deteriorating trajectory has boosted demand for bitcoin and gold, which are often used to hedge against inflation and the risk of US dollar depreciation.