BREAKING: Largest Bitcoin Squeeze Ever — Bessent Can’t Hold Back The Tide Any Longer

Bitcoin just hit $70,000 and torched $1.2 billion in shorts in a single hour — and the hosts and guest Joe Consorti break down exactly why the U.S. Treasury's move to double its bond buybacks lit the fuse. This is the macro backdrop bitcoiners have been waiting for, and it showed up on a random summer Tuesday. In this episode: • Joe Consorti explains the Treasury's decision to double long-bond buybacks from $2 billion to at least $4 billion per operation, running through November, and why he calls Scott Bessent "Janet Yellen in a skin suit" • The 10-year yield dropped sharply on the news, making risk assets more attractive and sending gold up a trillion dollars in 12 hours while silver jumped 4% • Bitcoin broke above its 200-day moving average for the first time in over a year, producing what the hosts describe as the largest daily candle in more than a year — Joe says two weeks above 69,600 would confirm a bull market by historical hit rate • Japan sold $26 billion in U.S. Treasuries while simultaneously buying back its own bonds, with the government now owning roughly 39% of the Nikkei and 52% of all Japanese government bonds • BlackRock's report showing a 1-2% Bitcoin allocation raises a traditional 60/40 portfolio's Sharpe ratio, and Citibank announcing live Bitcoin custody services later this year • The SEC proposes crypto fundraising exemptions allowing projects to raise up to $75 million annually without full securities registration, moving via rulemaking after the Clarity Act stalled • A data breach at Heatbit home miners traced to the same third-party shipping company involved in the earlier Trezor leak, exposing customer names, emails, and addresses Watch the video version: https://youtu.be/64xR6kcG1Rs