From 24/7 Wall St. · AJ Tiarsmith · · 1m 10s
Scaramucci: Bitcoin Rally Driven by Bond Moves
Scaramucci says Bessent's bond intervention sparked Bitcoin's recent rally, not the Clarity Act.
In brief
Scaramucci says Bessent's bond intervention sparked Bitcoin's recent rally, not the Clarity Act. Bitcoin's recent surge is linked to Treasury bond market shifts, not regulatory clarity. Originally reported by 24/7 Wall St..
Scaramucci's Bitcoin View
Anthony Scaramucci thinks Bitcoin's recent surge is driven by bond market shifts, not regulatory clarity.
“I think the catalyst was Secretary Bessent basically saying that he was going to step in and try to help the longer end of the curve”
Bessent's Bond Move
Secretary Bessent signaled Treasury intervention at the long end of the curve, triggering market reactions.
“People looked at that and said, wait a minute, nothing’s going to stop this train”
Treasury Curve Data
The 10-year yield stood at 4.96% on September 21, 2026, while the 30-year was 5.29%.
“The 10-year minus 2-year spread narrowed to 0.20% on September 21, 2026”
Clarity Act Debate
Scaramucci argues Bitcoin doesn't need the Clarity Act, as it's a standalone digital store of value.
“I think Bitcoin is a standalone as a digital store”
Uber Analogy
Scaramucci compares Bitcoin adoption to Uber, where better technology eventually overcomes resistance.
“If the technology is better than the existing technology, it eventually gets adopted”
Bitcoin Price Action
Bitcoin rose 14.37% in one week to $85,732.79 as of September 22, 2026.
“Bitcoin traded at $85,732.79 as of 13:42 UTC on September 22, 2026”
Testable Claim
Scaramucci's bond market theory can be verified by tracking Treasury yields against Bitcoin prices.
“Readers can watch the long end of the Treasury curve, which is available at Treasury’s official yield data page”
What's Next
The bond market's response to Treasury intervention will determine Bitcoin's next move.
“Whether the September rally reflects that channel, positioning, legislative disappointment, or something else is genuinely contested”
The takeaway
Bitcoin's recent surge is linked to Treasury bond market shifts, not regulatory clarity.
