Why Bitcoin’s $80K Breakout Is Front-Running a $1 Trillion Treasury Intervention! | Bitcoin Simply

**Dante Cook** (0:00)
Bitcoin is sitting at 80 bands, and it just crossed its 200-day moving average. 11 out of the last 13 times it's done that, the bottom was in. Not necessarily, but Bitcoin is smelling something big going on in the macro markets right now. Trouble is brewing in the most important financial market in the world, the US. Treasury system. Let me break it down. Treasury just doubled the amount of operational buybacks from $2 billion to $4 billion. And there are reports saying that Treasury is considering using its $1 trillion cash balance to do these buybacks. And despite all that stuff he was talking, Scott Besson is starting to look a lot like Janet Yellen. And his former boss, Stanley Druckenmiller, has something to say about it. He clapped back at his former colleague in a Wall Street Journal op-ed saying, let the bond market speak. So what exactly is the bond market trying to tell us? That the US government is cooked. But I've got a crazy theory. Today, I'm going to tell you why the market is 100% wrong about Scott Besson and what he's doing right now. And at the same time, I'm also going to show you why $1 trillion isn't enough to cover up the hole that we have right now. Bitcoin is front running the 2008 financial crisis again, and I'm going to show you how. This is Dante Cook with Bitcoin Simply.
Let's go.
The bottom is in.

**SPEAKER_2** (1:14)
Bitcoin, I think, just from looking empirically at the charts, really does need to recapture the 50-week moving average here, which is like Mike said, it's at 81, around 81 Mike says it's around 82 But either way, it's not that far from here. Something like 11 out of 13 times that Bitcoin crossed the 50-week moving average to the upside in a bear market, it signaled the bottom.

**Dante Cook** (1:35)
The bottom is in for a lot of reasons. And the main reason is because of the calamity and trouble going on in the US bond market. The bond market senses that Scott Besson, for as tough as he is, well, at the end of the day, he might still just be a bond salesman. At least that's what Arthur Hayes thinks. This is the time where Bitcoin shines.

**SPEAKER_3** (1:55)
So, hold on, there's debt anymore. Add some margins.

**SPEAKER_4** (1:58)
So, the Fed should be raising rates. They just can't because the US is horribly in debt. The US Treasury, on the day we're recording, announced they're doubling the buybacks.
For somebody who's just got into Bitcoin in the last year or two, and they don't even, they're still trying to understand macro, simply put, what does debt buybacks mean for them?

**SPEAKER_3** (2:19)
It means more liquidity, more units of fiat chasing a finite amount of goods, Bitcoin being one of those goods, number grow up.
This is the road to 2008, the road to what created Bitcoin.
And so that is what you're here for. This is the exact moment why you want to own Bitcoin is when everyone realizes, oh, this government, this US government bond is not worth anything. I can't buy anything real with it. I can't even like trade this market because it's such a manipulated market. I need a real store of value. I need something that really is going to respond positively to a lot more dollars chasing scarce goods. That's Bitcoin. That was a story in 2009 when it was created. That's been the story ever since. Obviously, it ebbs and flows with the liquidity cycle. But if you want to talk about an acute moment where the world says the emperor has no close, the largest sovereign debt market in the world, if people are actually worried that yield curve control is coming, the price of Bitcoin is going to be in the hundreds of thousands very quickly.

**Dante Cook** (3:24)
This is the moment we've all been waiting for in Bitcoin. The moment when an asset will call the bluff of the entire financial system that is crumbling and collapsing underneath of the size of its debt and its promises that it can't pay and fulfill. And this is the spiciest time in macro theater that we've ever seen. Last week, the treasury said they were going to increase the size of their operational interventions from 2 billion to 4 billion. And sources came out and leaked that they might use $1 trillion in their cash balance yesterday to cover these buybacks.
And Bitcoin rallied to 80K on the news.
But let me give you something that no one else is talking about. None of this makes sense. There's this line in the famous little Wayne song about six foot seven, six seven, that says, real Gs move in silence like lasagna.