Unchained
Unchained
Laura Shin
Bits + Bips: How Bessent’s Treasury Buyback Is Fueling Bitcoin’s Rally
18 minutes Posted Aug 26, 2026 at 5:30 am.
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Market snapshot: Bitcoin near $80K as ETF inflows flip positive
Gordon on how Bessent linked Treasury vol to Bitcoin's own vol spike
Ram on the 'extraordinary' price action and Bitcoin's momentum
Chris on the Bitcoin/gold chart and the Fed-Treasury accord
Austin on the fiscal-dominance divergence between the front and long end
Gordon on the 'buyer strike' driving Treasury illiquidity
Chris on why the basis trade's return is bullish for crypto
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Show notes
📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips 
Bitcoin is pushing toward $80,000 after Scott Bessent's Treasury long-end buybacks flipped spot ETF flows positive and rattled the bond market.
Austin Campbell, Ram Ahluwalia, and Chris Perkins are joined by Bitwise's Gordon Grant to unpack why rising Treasury volatility, and bizarre stress signals building in the TIPS market, are becoming a tailwind for Bitcoin's momentum trade.
Hosts:
Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern
Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida
Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto
Guest:
Gordon Grant - Portfolio Manager and Head of Derivatives at Bitwise
This clip is from a longer conversation on the CFTC's prediction-market brawl, parametric insurance, and a mystery AI model. Full episode here:https://youtu.be/tLKZl37uZ2g?si=Vp_6Y7PvXeDh_iJ8 
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