Both bitcoin and gold may already be pricing in a crisis scenario. Despite elevated interest rates and bond yields worldwide, the two so-called zero-yielding assets have rallied to new record highs above $70,000 and $2,000, respectively. Both have surpassed their previous peaks set in 2020-21, when interest rates in the U.S. and other parts of the world were pinned near or below zero.
![Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns](https://www.coindesk.com/resizer/pVnDZyH11HD7Mh5nuVxb4Nwv8a0=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/52VCZVVJ5FDBJLCHNLFKU6ZUXU.jpg)