Aug 31, 2026 · 14 min · 9 segments
Bitcoin added over $14,000 in seven days. That is the largest dollar gain of any week in its history. Not 2017. Not 2021. Ever. And it happened immediately after Fidelity reported that Bitcoin had…
Myles DhillonHost
Right, there's going to be a lot of noise on the internet about this last week in Bitcoin, and most of it is going to be rubbish in one of two directions.

Half the internet is going to tell you the bull run is back and we're going to $5 million by Christmas or whatever their predictions are.

I'm going to try and give you the honest version, which is more interesting than either of those two extreme versions.

what actually happened and is it a genuine record bitcoin did go up the largest amount but let's try and figure out exactly what's true about that why it happened which involves the us government doing something with its debt and i want to try and explain that properly because i think they try and make this debt purchasing stuff very confusing on purpose so that we don't really know what's going on Because I think it is the single most important thing going on in money right now.

And finally, why September might make you feel very silly for getting excited today.

If you want to take one thing from this episode, get understanding about the debt stuff.

Right, there's going to be a lot of noise on the internet about this last week in Bitcoin, and most of it is going to be rubbish in one of two directions.

Half the internet is going to tell you the bull run is back and we're going to $5 million by Christmas or whatever their predictions are.

I'm going to try and give you the honest version, which is more interesting than either of those two extreme versions.

what actually happened and is it a genuine record bitcoin did go up the largest amount but let's try and figure out exactly what's true about that why it happened which involves the us government doing something with its debt and i want to try and explain that properly because i think they try and make this debt purchasing stuff very confusing on purpose so that we don't really know what's going on Because I think it is the single most important thing going on in money right now.

And finally, why September might make you feel very silly for getting excited today.

If you want to take one thing from this episode, get understanding about the debt stuff.
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