Wu Blockchain reports that CoinShares' market report on September 4 stated that Bitcoin has recently shown characteristics of a 'currency devaluation trade' similar to gold over the past two weeks. Concerns about U.S. fiscal sustainability and the Treasury's increased purchases of long-term bonds have pushed BTC from a low of $60,000 to a peak of $80,100. However, Fed policy remains the main constraint on further upward movement. CoinShares believes that for Bitcoin to sustainably break above $80,000, the key catalysts could be an easing of tensions in Iran, leading to lower oil prices and inflation expectations, or a further deterioration in market confidence in U.S. sovereign debt. In the short term, focus will be on August inflation data and the September Fed meeting. https://(wublock123.com)/news/coinshares-bitcoin-80k-catalysts-iran-easing-us-treasury-confidence-67845