Treasury Just Flipped the Setup for BTC & Gold w/ Kris Bullock & Bijan Maleki | Trading the Markets Aug. 19, 2026

Bijan Maleki and Kris Bullock are back to break down a potentially important shift in the macro setup for crypto. With the U.S. Treasury stepping up long-dated bond buybacks, long-end yields are falling and the dollar is weakening - conditions that could become increasingly supportive for bitcoin, gold, and other risk assets.

Kris also digs into PUMP, which has recently overtaken Hyperliquid in 30-day protocol revenue, and explains why he’s considering adding it to the Real Vision model portfolio. They compare the setup with HYPE, run through the usual crypto charts, and look for the strongest opportunities across the market.

👉 Have a question for Kris? Join the live show every Monday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z.

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Timestamps:

00:00 - Why Crypto Is Surging: Treasury Buybacks & Falling Yields

02:04 - Treasury Buybacks, the Dollar & Bullish Financial Conditions

03:00 - SEC & CFTC Crypto Policy: What Happens Without the CLARITY Act?

04:02 - Crypto’s Biggest Short Squeeze in Years

07:39 - ETF Flows & U.S. Crypto Demand Show Signs of Life

10:54 - Bitcoin Rally: Is a Trend Reversal Starting?

13:59 - Ethereum, Solana & Sui: Which Crypto Is Leading?