BTC Macro, MSTR Outlook, Ex-Fed Insider on Bitcoin | BMTV Oct. 05, 2026

Grace Remington (0:06)

Good morning and happy Monday. Welcome into BMTV. I'm Grace Remington with Sean Hagan. The macro picture is front and center today with the four decade bull market and bonds facing a major reversal, Sean, and oil adding to the pressure.

Sean Hagan (0:20)

Absolutely. You know, the macro environment's getting more convoluted and confusing by the day with all those moving parts. But one thing's becoming increasingly clear is that there's no stopping this train.

Grace Remington (0:31)

Yep. We got one of the best breaking it down with us in just a few minutes. Lyn Alden, founder of Lyn Alden Investment Strategy. Also joining us on the show today, Ryan Van Graak, vice chairman of Coinbase, Jen Meyer, CEO of St. Cloud Financial Credit Union, Dan Kohler, president and founder of ASICPlug, Charlene Fadirepo, former Fed regulator and Lance Vitanza, managing director and senior analyst at TD Cowen. But with that, let's get into the headlines. CME Group has suspended plans to launch a 10-barrel crude oil futures contract that would trade around the clock. The exchange says industry participants raised concerns that 24-7 energy trading could introduce additional market risks without further review. CME had designed the product as a regulated alternative to round-the-clock oil contracts on other venues and is calling on the CFTC to ensure consistent standards. The euro fell to a 17-month low against the dollar this morning and concerns over France's budget deficit and last week's bond sell-off raised fears of renewed debt trouble in the eurozone. The Fed's more hawkish stance added support to the dollar while political uncertainty ahead of France's 2027 election weighed on confidence in its finances. Saudi Aramco's CEO, Amin Nasser, says rebuilding global oil and fuel stockpiles could take up to two years. He estimates refilling those reserves would add 2 million barrels a day to demand over the next 18 months, further tightening supplies. Countries have tapped emergency stockpiles after Iran effectively closed the Strait of Hormuz following the start of the U.S.-Israeli war on Iran.

Japanese Bitcoin Treasury firm, MetaPlanet, added a net 1,000 Bitcoin in the third quarter, bringing its total holdings to 44,000 as of September 30th. The company sold 10,000 Bitcoin and purchased 11,000 during the quarter. MetaPlanet says the sale and repurchase demonstrated its ability to turn Bitcoin into cash, aiming to strengthen lender confidence and expand access to financing.

Bitcoin's rally toward 86k reflects renewed demand for a hedge against currency debasement, according to Capital.com's Kyle Roda. Roda links the move to Scott Besson's intervention in Treasury markets, arguing investors are turning to Bitcoin for protection against expansive US policy and to diversify their portfolios. Roda says the outlook is improving and the cycle lows may already be behind us.

Strife CEO Matt Cole announced the company has purchased 2,000 Bitcoin for $169 million, bringing its holdings to over 29,000 Bitcoin. Michael Saylor's Strategy added 334 Bitcoin last week and repurchased $176 million of stretch its preferred stock with its total Bitcoin holdings now at 848,000 Bitcoin. Strategy also reporting a $21 billion gain on digital assets in the third quarter.

And with that, let's go to the live markets today. Our live Bitcoin price brought to you by Cash App sitting just under 86k this morning. But of course, the number to watch always as of recent is that 10-year Treasury yield remaining near multi-decade highs despite Friday's weaker jobs report taking some pressure off the Fed. That 10-year yield sitting at 5.26, down two basis points this morning. The 30-year yield sitting at 5.62. Meanwhile, not much changing in the stock futures. The S&P roughly flat with the Nasdaq also hovering near the flat line after hitting a record high on Friday. The SPY down 12 basis points since opening at 7.6964. The triple Q is down two-tenths of a percentage point at 7.4958. Gold catching a bid here, it is up to $4,150, up a quarter of a percentage point on the day. Another asset to watch as investors weighing higher yields against growing fiscal concerns. And finally, oil, WTI, back around $90 a barrel, down around 1% this morning. And Brent remains just slightly over 100, Sean.

Sean Hagan (4:40)

Yeah, you know, the market seems to be not as knee jerky right now.

You know, a little bit of stabilization in a couple of places, but I'm not sure how long that's going to last. Obviously there's a bit of turmoil, confusion. A lot of this is kind of back and forth. Some assets even, you know, maybe you should open longs or shorts depending on what's tweeted. So very news driven. But underneath a lot of it is this kind of systematic risk being priced into the market.

Grace Remington (5:12)