Bitcoin's $80K Debt-Policy Rally: Bessent's Bond Buyback, Warsh's Jackson Hole Debut, and the 'Financial Repression' Trade
Bitcoin crossed $80,000 on August 24 for the first time since late 2025, capping a week that will go down in the history books: a 23% weekly gain — the largest weekly dollar gain in the asset’s history — powered not by retail FOMO but by the machinery of US fiscal and monetary policy. Ethereum traded back above $2,500, roughly $1.2 billion in leveraged shorts were liquidated in 24 hours, and XRP just posted its best week in 21 months. ...