Bits + Bips: How Bessent’s Treasury Buyback Is Fueling Bitcoin’s Rally

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips 

Bitcoin is pushing toward $80,000 after Scott Bessent's Treasury long-end buybacks flipped spot ETF flows positive and rattled the bond market.

Austin Campbell, Ram Ahluwalia, and Chris Perkins are joined by Bitwise's Gordon Grant to unpack why rising Treasury volatility, and bizarre stress signals building in the TIPS market, are becoming a tailwind for Bitcoin's momentum trade.

Hosts:

Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern

Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida

Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto

Guest:

Gordon Grant - Portfolio Manager and Head of Derivatives at Bitwise

This clip is from a longer conversation on the CFTC's prediction-market brawl, parametric insurance, and a mystery AI model. Full episode here:https://youtu.be/tLKZl37uZ2g?si=Vp_6Y7PvXeDh_iJ8 

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Chapters

💰 00:20 Market snapshot: Bitcoin near $80K as ETF inflows flip positive

🌊 03:32 Gordon on how Bessent linked Treasury vol to Bitcoin's own vol spike

📈 05:32 Ram on the 'extraordinary' price action and Bitcoin's momentum

🎙️ 07:39 Chris on the Bitcoin/gold chart and the Fed-Treasury accord

🧮 09:30 Austin on the fiscal-dominance divergence between the front and long end

🔒 10:54 Gordon on the 'buyer strike' driving Treasury illiquidity

🔄 15:19 Chris on why the basis trade's return is bullish for crypto
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