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Prices displayed are informational. SkyBridge Capital founder Anthony Scaramucci went on CNBC's Squawk Box on Tuesday to discuss his new book, _All the Wrong Moves_, and used the appearance to lay out a specific reading of why **Bitcoin** (CRYPTO:BTC) has rallied over the past few weeks. His answer pointed to the long end of the Treasury curve.
Asked what moved the market, Scaramucci said, "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, whether it's the ten or the 30 year. People looked at that and said, wait a minute, nothing's going to stop this train." The logic is a liquidity-and-fragility argument. A signal that the Treasury will intervene at the long end tells investors something about the fiscal and monetary conditions requiring intervention.
A fixed-supply asset becomes more attractive because of what the signal implies. The bond-market condition Scaramucci is describing is visible in the Treasury data. On September 21, 2026, the 10-year yield stood at 4.96%, the 20-year at 5.33%, and the 30-year at 5.29%.
Earlier in the month, on September 1, 2026, the 10-year was 4.79% and the 30-year was 5.27%. The long end has been under pressure through September, which is the pattern Scaramucci is pointing to. 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive _Top 10 Stocks To Buy Now_. Not the ten biggest companies.
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