EMERGENCY WHITE HOUSE BITCOIN MEETING FORCED BITCOIN TO EXPLODE?! | EP 1573

**Nico Moran** (0:03)
Bitcoin has made a massive mood, move, and heading towards 70K as we speak. And I think we're all wondering, what is the catalyst? Huge 6,000 move this morning. One, we have a closed door emergency meeting at the White House today. Also, the US Treasury made a huge announcement this morning. And of course, Wall Street is piling in to Bitcoin. So I have a lot to uncover today. So I'm gonna try to find what is causing this morning pump. Now, wait, I think I got... Okay, Kent's in here with me, cool. Let me pull him in. Let me get him in here on the show.
What's up Kent, how are you doing? Anyways, this is I think what a lot of people are saying. Here we have from Bloomberg, Bitcoin surges most since March, ahead of White House meeting. So there is a meeting today at the White House. I think it's around 2:30 p.m. It is a closed door meeting, Trump with the SEC head, Chair Atkins. We have the CFTC Mike Selig. And then you can see here, it's kind of what I said the other day. It is a little, wait, my past two minutes.
Let me see, let me double check. Let me double check. Don't think I am. Altcoin, crypto people, Coinbase, Payword, Blockchain, I saw Caoshi and Polymarket are also going to be there. It's like a crypto prediction market meeting here. So I do have financial posts here kind of talking about it. So it is interesting that people are saying, well, I think maybe the timing is the most interesting part about this.
We have a meeting today and at the White House, obviously we've seen the Clarity Act basically fail here. It's, I mean, they're still saying it might happen. They don't think it's gonna happen. So we are getting a lot of interesting news play out. But here we go. Trump attend meeting with Crypto Prediction Marketing execs.
We will see expected to attend a meeting today. We don't know what it's gonna be. Tomorrow there will be a CFTC meeting at the White House as well, which is most likely going to be surrounding Bitcoin and Crypto. We did get a huge announcement from Paul Atkins this morning as well, which I'm just gonna kind of gloss over. That might be one of the reasons. The only reason I'm bringing this up is it includes the top executive from Coinbase, Robinhood, Cauchi and Polymarket, among others. As I told you yesterday, I think Ripple is gonna be there, like blockchain.com is gonna be. So it's not like Bitcoin companies, but it's interesting that Bloomberg is saying this is the reason, this is the catalyst. Now, maybe it's a reach. I think it's kind of a reach. What's a closed door meeting really about, you could argue maybe that Trump is pumping.
He's finally making the campaign promises, guys. He's pumping our bags for once.
But really, I think James Lavish hit the nail on the head with the real reason we are pumping today. And James goes, with all due respect Bloomberg, no Bitcoin is surging because the Treasury has signaled it would do whatever it takes to keep long end yields from flying up, up and away. And that's where I think the more interesting story is probably taking place, which is this announcement from the US. Treasury.
The US. Treasury announces increased sizes of nominal long end liquidity support buybacks beginning September 9th. US. Department of the Treasury is increasing by at least double the size of liquidity support buyback operations for long dated nominal coupon securities, the 10 year to 20 year sector and the 20 year to 30 year sector. The current maximum size of $2 billion per operation will be at least $4 billion per operation. It's going to take place, what, next month. Anyways, I think the general read that most people are getting from this, and Ken, I think I actually did see you post this this morning as well, is it's basically, you know, money printer is about to go bird. Though I think technically when you kind of break down what this actually is, a lot of people are saying not QEQE.
It might be closer to like quantitative tightening in just like the practice of it, the mechanics of it. But I think what it is showing is what everyone that's in the bond market is really afraid of, which is, it's basically yield curve control without actually doing yield curve control. So it just shows, hey, the US. Treasury is stepping in on the bond market. As James Lavish further went on, I think he said that the Treasury finally blinked, which is most likely making people that are looking at Treasuries and they're like, this is probably not where I want to park my money. James Lavish again goes further, The US. Treasury has announced that it is increasing liquidity support buyback operations for 10 and 30 year bonds by at least double. Translation, the US. Treasury blinked. So if you are an investor and you're looking at where you should park your money, it's looking like you probably don't want to be buying Treasuries. And that, of course, does start moving you towards the risk curve here. And you're like, OK, well, maybe I need to go into something that they can't artificially press here. And I think that's probably the bigger reason for why we're seeing the price pump. I do have some charts and some metrics for you guys, on-chain metrics that I'll cover in the numbers today, because obviously, hey, it feels good this morning. We're at 69K. Well, I think it's 68.5, but we kissed 69K. Still a lot of the day left. And we'll see if we get to that 70K number today. But I do want to before me and Kent talk about this a little bit, this is also an interesting thing that happened. I'm not going to do a full breakdown of what it is. I might do that on tomorrow's show. But this news also came out. The SEC basically front ran, wait, front ran, front ran the Clarity Act, front ran Congress. And they're like, hey, well, you guys are delaying. You guys are dragging your feet on crypto regulations. And therefore, we are essentially going to jump the gun and we're going to give what they're calling the regulation crypto assets new rule. And again, I'm not going to really break it down, but the short of it from my read is it does seem a little shitcoiny. Guys, it's almost like they're going to unleash shitcoins as long as it follows a few parameters here. So not the best announcement from my perspective as a Bitcoiner, but I think the timing of all this is the most interesting. And I will pull up the chart. I was looking at the Bitcoin price this morning. And to be honest, I wasn't really that impressed with the amount of volume that we pumped on this, which is making me think like, okay, what exactly is pushing this price here? And Nico is walking in here stealing stuff from me.