I think there’s a camp of Bitcoin investors who are essentially USD skeptics, thinking that political brinksmanship will soon result in a catastrophic event tha

I think there’s a camp of Bitcoin investors who are essentially USD skeptics, thinking that political brinksmanship will soon result in a catastrophic event that damages the US Treasury’s credibility, like say defaulting on our debt. In this sense Bitcoin is a safe haven from political instability, so he may be saying that a rise indicates more people are concerned by political instability.