Source: deVere Group
August 21 2026
Bitcoin’s bulls are firmly back in control, and this rally has real fuel behind it rather than empty hope, says the CEO of one of the world’s largest independent financial advisory organisations amid an impressive bounce.
Nigel Green of deVere Group’s comments come as Bitcoin surged around 18% in 48 hours to trade above $77,600, its first push back above the $70,000 mark since late May.
The move followed the US Treasury’s decision to double the size of its long-term bond buybacks to $4 billion per session, targeting the 10-year, 20-year and 30-year sectors after benchmark yields hit their highest levels in 20 years on persistent inflation and war-driven energy pressures.
Treasury Secretary Scott Bessent said this week he has a “big toolkit” available to keep leaning on yields. Sentiment was lifted further by a White House meeting between President Trump and senior figures from the crypto industry where Trump called for a “fair version” of the Clarity Act and said the US intends to remain the leading nation in Bitcoin and digital assets.
Nigel Green comments: “Bitcoin just proved, again, that it trades on liquidity before almost anything else.
“The moment Treasury signalled it was stepping up its own bond buying, Bitcoin moved. I call it pattern recognition rather than hype.
“Digital assets have consistently rewarded expectations of looser financial conditions, and doubling a buyback programme to $4 billion a session is exactly that kind of signal.
“This year’s quiet patch in crypto never reflected a loss of belief in the asset class. It reflected liquidity being pulled elsewhere, into an overheated AI and semiconductor trade and away from anything perceived as risk during a tense stretch following conflict in the Middle East.
“Every one of those pressures is now easing at the same time, and Bitcoin is repricing accordingly.
“Scott Bessent talking about a big toolkit matters more than markets are giving it credit for. Investors should read that as a signal of intent, not just a comment.
“A US Treasury willing to keep intervening at this scale is a Treasury that’s going to keep injecting the kind of liquidity that digital assets have historically loved.
“The regulatory story is just as important as the monetary one. Getting the sitting president and leaders of the crypto industry in the same room, publicly pushing for a fair version of the Clarity Act, is a meaningfully different environment from where this industry stood even a year ago.”
Whether or not the Act passes in the coming weeks, the direction of travel now appears unmistakable.
If it clears Congress, that removes years of regulatory uncertainty in one move. If it stalls, expect regulators to move anyway, with faster rulemaking around round-the-clock derivatives, tokenized equities and a genuine push to keep the US positioned as the dominant market for these assets.
“Bitcoin above $77,000 reads, to me at least, as confirmation that the bottom is behind us, rather than the top of this move.
“The asset had not traded above $70,000 since late May, and it’s now cleared that level with real conviction behind it rather than a thin, low-volume bounce.
“Liquidity appears to be coming back into the system, Washington is engaging with this industry rather than sitting on the sidelines, and Bitcoin is doing what it has always done best when both of those things happen at once.”
He concludes: “None of this means every level gets defended in a straight line, and short-term volatility should be expected along the way.
“But it does appear for now that the macro and policy backdrop behind this rally is real, and investors who spent this year waiting for a cleaner entry point could be watching one unfold in front of them right now.”
deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.