Prediction evidence

Matt Hougan says Bessent will have to intervene on rates, which leaves him more bullish than bearish on Bitcoin "But I think the market is recognizing, in this case particularly with the yield side, that he's going to have to do something large. He's going to have to do a large intervention to try to tamp that down, or the market's just going to continue to ramp it and push it up." "We continue to see all the pressures drive that up. We see massive issuance from the AI complex, they're now flooding Europe, raising money in Europe, because they stuffed the US market full of debt. We see oil pressing up. All these things should push those rates at the long end solidly higher, but Bessent is saying he's the house now." "It does make me bullish for Bitcoin in the relative short term. It's amazing that we went from 60 to 80 and stuck. I don't know that I've seen that kind of move in Bitcoin ever. But we did it. And now I'm marginally more bullish than bearish because of these quotes coming out of DC."