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‘Get Ready’—Bitcoin Is Suddenly Hurtling Toward A ‘Huge’ Money Printing Price Shock

Bitcoin has added 20% since mid-August, rocketing higher as the so-called debasement trade that see investors bet against the U.S. dollar returns (confirming Elon Musk’s nightmare).

Forbes

Publisher

Aug 29, 2026 at 12:51 PM UTC · 3 Min. Lesezeit

‘Get Ready’—Bitcoin Is Suddenly Hurtling Toward A ‘Huge’ Money Printing Price Shock
Image via Forbes

Entities

bitcoin

Market Impact

BTC-2.12%$77,655

Last Updated

vor 35 Minuten

Übersetzung…

Bitcoin has added 20% since mid-August, rocketing higher as the so-called debasement trade that see investors bet against the U.S. dollar returns (confirming Elon Musk’s nightmare).

The bitcoin price, stuck in a downward trend for most of 2026, broke out of its slump as “panic” suddenly gripped markets, adding $300 billion to bitcoin’s market capitalization in mere hours.

After the sudden bitcoin price surge, traders are now braced for fresh U.S. money printing, with one closely-watched trader telling people to “get ready.”

Forbes‘It’s Going To Keep Growing’—BlackRock Just Confirmed A Bitcoin Price BombshellBy Billy Bambrough

U.S. Treasury secretary Scott Bessent has primed the bitcoin price and crypto market for a fresh round of money printing.

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“Get ready, start buying,” Arthur Hayes, a cofounder of the bitcoin and crypto derivatives pioneer BitMex exchange who now runs the Maelstrom Fund, told podcaster Anthony Pompliano, adding that he expects bitcoin to do “very, very well” in the coming years.

"I think that we’re not going to get a 2008-style, massive credit event but we’re just going to continue print and print and print and you’re going to look up and see bitcoin at $250,000."

Hayes pointed to Treasury secretary Scott Bessent’s recent promise of bond market support, designed to lower the cost of borrowing, which sent shockwaves through the market.

Market Context

₿

Bitcoin

BTC

$77,656

-2.12% (24H)

$79,541$78,444$77,348
2 PM9 PM5 AM1 PM

Market Cap

$1.56T

Circulating Supply

20.1M BTC

24H Volume

$28.3B

24H High

$79,820

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoin

Topics

cryptomarkets

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