# ROLLUP: The Debasement Trade is Back | Bessent Put | Tokenized Stocks | AI Capital Crunch

Page: https://stenobird.com/podcast/bankless-357756/rollup-the-debasement-trade-is-back-bessent-put-tokenized-stocks-ai-capital-crunch
Text version: https://stenobird.com/podcast/bankless-357756/rollup-the-debasement-trade-is-back-bessent-put-tokenized-stocks-ai-capital-crunch.md
Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756)
Published: 2026-08-28T10:30:00+00:00
Episode link: https://pscrb.fm/rss/p/episode.flightcast.com/01M135123JYAWZB1ECNQ0YYP74.mp3
Audio file: https://pscrb.fm/rss/p/episode.flightcast.com/01M135123JYAWZB1ECNQ0YYP74.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/rollup-the-debasement-trade-is-back-bessent-put-tokenized-stocks-ai-capital-crunch
Duration seconds: 3992

## Resource

Bitcoin may be entering a new cycle just as the Treasury starts pushing back on rising yields. Ryan and Haseeb break down the Bessent Put, the return of the debasement trade, Coinbase’s tokenized stocks push, Ethena’s token reset, and whether AI is starting to consume the world’s capital. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑 BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey 📊 BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯 THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑 BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS & RESOURCES 0:00 Intro 0:31 Crypto Energy Shift & Bitcoin’s New Cycle https://x.com/hosseeb/status/2091945147357675623 https://www.theblock.co/news/markets/2026-08-23-bitcoin-record-weekly-dollar-gain-412547 5:55 The Bessent Put https://www.cnbc.com/2026/08/24/bessent-1-trillion-treasury-general-account-bond-buybacks.html https://x.com/DeItaone/status/2091852135675658265 https://x.com/CGasparino/status/2091918792146247833 14:11 Druckenmiller vs. Bessent https://x.com/NickTimiraos/status/2092023686148817227 23:31 Debasement Trade Returns https://www.cnbc.com/2026/08/26/debasement-trade-to-take-bitcoin-to-300000-in-2029-bernstein-says-.html https://x.com/TimmerFidelity/status/2092991527127789913 https://x.com/fundstrat/status/2091895628003528804 30:03 Coinbase Tokenized Stocks https://x.com/base/status/2091918696620896485 41:14 Ethena’s Token Reset https://x.com/EthenaFndtn/status/2092976592738001383 https://x.com/hosseeb/status/2090828427574268023 53:59 AI Capital Hunger https://x.com/RaoulGMI/status/20927043272…

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