Bitwise CIO says BTC rally may persist unless debt concerns ease

Bitwise CIO Matt Hougan said Bitcoin’s rally is likely to continue until debt concerns improve. In a chart shared on X, Hougan showed that from July 1 to Sept. 15, Polymarket odds of the Clarity Act passing this year fell from 39% to 18%, while BTC rose 38% over the same period. Meanwhile, a cloture vote on the Clarity Act, which would have determined whether the bill moved to floor consideration, was rejected earlier in the U.S. Senate.