Bitcoin is benefitting from, among other factors, a weaker US dollar following the weekend.

Moody’s downgrade:

• Friday bombshell: Moody’s downgrades US credit rating

Bessent isn’t concerned. Given he oversees issuing US Treasuries, he probably should be. Downgrades will not lower the cost of debt!

• “If we go back to your initial question on the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t”

Gold is higher too. Also EUR, JPY, AUD, NZD, CAD, GBP … the list goes on.