# Bitcoin Surges Past $77K & Californians Buying Second Passports

Page: https://stenobird.com/podcast/headlines-from-the-times-3133412/bitcoin-surges-past-77k-californians-buying-second-passports
Text version: https://stenobird.com/podcast/headlines-from-the-times-3133412/bitcoin-surges-past-77k-californians-buying-second-passports.md
Podcast: [Headlines From The Times](https://stenobird.com/podcast/headlines-from-the-times-3133412)
Published: 2026-08-24T23:26:09+00:00
Episode link: https://the-times.simplecast.com/episodes/bitcoin-surges-past-77k-californians-buying-second-passports-IT1Jhy85
Audio file: https://pscrb.fm/rss/p/tracking.swap.fm/track/l7UHKpkhi4bKJvef7xe6/injector.simplecastaudio.com/28bbf107-050b-441e-ba20-c23cec8cd269/episodes/8f86253a-dc8a-4bf2-bf60-38fcd3d456ce/audio/128/default.mp3?aid=rss_feed&awCollectionId=28bbf107-050b-441e-ba20-c23cec8cd269&awEpisodeId=8f86253a-dc8a-4bf2-bf60-38fcd3d456ce&feed=_lj7xUNU
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Duration seconds: 146

## Resource

Bitcoin had been sliding for months, down 31% over the past year. Then last week, everything changed. News out of Washington sent the crypto surging back above $77,000, jumping 20% in just a few days. Treasury Secretary Scott Bessent's plan to double long-term government bond buybacks pushed bond yields lower and pressured the dollar — and a weaker dollar sent investors hunting for alternatives, like Bitcoin. A growing number of California’s richest residents are looking overseas as political unrest in the US mounts – not necessarily to leave, but because they want to have a Plan B. Through these so-called “golden visas,” people are seeking residency, and in some cases citizenship, in other countries by investing in property or businesses abroad. Read more about the growing practice here: https://www.latimes.com/california/story/2026-08-13/more-more-wealthy-californians-are-seeking-golden-visa-residency-outside-u-s

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