Bitcoin to hit $200K due to U.S. Treasury buybacks
Arthur Hayes, co-founder of BitMEX, believes upcoming U.S. Treasury bond buybacks could inject major liquidity into markets and send Bitcoin to $110,000, or even as high as $200,000. In an Apr. 23 Substack article, Hayes pointed to the Treasury’s plan to issue new debt to repurchase older, less liquid bonds, commonly called off-the-run Treasuries. These…


