Sept 23: The Stablecoin Endgame?

Bitcoin is holding in the mid-$85,000 range as U.S. spot Bitcoin ETF demand remains strong, with roughly $714 million of additional inflows following Monday's nearly $1 billion. But today's main discussion comes from Bravo's Research, which lays out a theory connecting Treasury's long-duration debt management, greater reliance on short-term Treasury bills and the rapid growth of dollar stablecoins as a potential new structural source of T-bill demand. Treasury Secretary Scott Bessent has publicly said that stablecoin growth could strengthen the dollar and increase demand for U.S. Treasuries, although the specific three-step strategy discussed on the show is analysis rather...