The Wolf Of All Streets(@scottmelker):"It's manipulating the long term interest rate lower to punish savers" Matt Hougan on why Bitcoin is rallying "I know people are reluctant to call this yield curve control. Today the term I saw was soft yield curve control, whatever the technicalities" "That's why Bitcoin is rallying. As long as the government is doing that, you're going to have people rotating into hard assets" "The debasement trade is full on. People are going to buy gold, they're going to buy Bitcoin, that's what we've seen, and that will continue as long as they try this" "I think what Bessent is saying is he's going to keep doing it until the market listens"

2026.08.21 13:47

"It's manipulating the long term interest rate lower to punish savers" Matt Hougan on why Bitcoin is rallying "I know people are reluctant to call this yield curve control. Today the term I saw was soft yield curve control, whatever the technicalities" "That's why Bitcoin is rallying. As long as the government is doing that, you're going to have people rotating into hard assets" "The debasement trade is full on. People are going to buy gold, they're going to buy Bitcoin, that's what we've seen, and that will continue as long as they try this" "I think what Bessent is saying is he's going to keep doing it until the market listens"