Bitcoin touched $80,000 on Monday before giving back the level, trading around $78,835. The US Treasury holds roughly $950 billion in its general account and plans to double bond buyback operations to $4 billion each, starting September 9. This prospect boosted bitcoin prices by promising liquidity, but critics including Citadel Securities and Peter Schiff warn of dollar weakness and runaway inflation. The bond market already reversed the trade in two sessions, with the 30-year yield climbing back from 5.19% to 5.27%. Analysts remain divided: some warn the strategy does not address underlying deficits, while others like Fundstrat’s Tom Lee argue it favors long-duration assets.
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