BF233 - The System is Getting Harder to Manage - 9/20/26

🎙 Bitcoin Fortress Podcast — Episode 233 The System is Getting Harder to Manage Date: September 20, 2026 Block Height: 967855 Moscow Time: 1236 Fees: 1 / 1 /1   In this episode: We return from vacation to a financial system that looks increasingly difficult to manage. The 10-year Treasury crosses 5%, Treasury expands its own bond buybacks, oil remains above $100, the Fed raises rates, and Japan hikes rates only to watch the yen weaken. Meanwhile, Bitcoin absorbs all of it and rallies back above $80,000. We dig into the failure of the CLARITY Act, the SEC's move toward tokenized stocks, continued institutional Bitcoin adoption, Strategy's evolving capital structure, and the security lessons from the Liquid and Coldcard exploits. Plus, we look at the latest themes across the Bitcoin podcast universe and this week's Bitcoin Fortress essay on building resilience instead of trying to predict the future.   Bitcoin Fortress YouTube Channel: https://www.youtube.com/channel/UCEPGN1YCIQcMxkUig5GaNrQ   Bitcoin Fortress Substack Featured Post: The Architecture of Resilience https://bitcoinfortress.substack.com/p/the-architecture-of-resilience   Bitcoin Fortress Books: Bitcoin Fortress: A Simple Guide to Bitcoin for Beginners Bitcoin Retirement and Estate Planning The Bitcoin Lifestyle The Architecture of Money The Sovereign Life Follow me on Nostr: npub122fpu8lwu2eu2zfmrymcfed9tfgeray5quj78jm6zavj78phnqdsu3v4h5   NEWS (September 6, 2026 – September 20, 2026) Reuters — U.S. 10-Year Treasury Yield Breaks 5% US 10-year yields reach 5%, highest since 2023 Reuters — Treasury's $6 Billion Long-Bond Buyback Edgy bond investors unconsoled by Bessent's big buyback Reuters — Oil Remains Above $100 Amid Middle East Supply Disruptions Oil slips as Saudi Arabia offers more crude via Oman Reuters — Fed Raises Rates; Warsh Says Inflation Remains the Problem Warsh says U.S. economy has strengthened, inflation is the problem The Block — Bitcoin Reclaims $80,000 Despite Fed and CLARITY Headwinds Bitcoin reclaims $80,000 as crypto markets shrug off CLARITY setback The Block — Bitcoin ETFs Pull In $433 Million on Friday Bitcoin ETFs eke out positive week with $433 million Friday inflow Reuters — Bank of Japan Raises Rates as Yen Remains Under Pressure The yen and Japan's changing rate environment Bitcoin Magazine — CLARITY Act Fails to Advance CFTC chairman says agency will write crypto rules after CLARITY vote fails SEC — Tokenized Stocks Get an Innovation Exemption SEC issues Innovation Exemption for tokenized NMS stocks Bitcoin Magazine — CFTC Moves Ahead After CLARITY Failure CFTC sends proposal to regulate crypto transactions following CLARITY failure The Block — House Committee Advances Strategic Bitcoin Reserve Bill <a href='https://www.theblock.co/news/regulation/2026-09-16-house-committee-