Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes

Investors seeking Bitcoin vulnerability whitethorn beryllium moving retired of clip to acquisition beneath the six-figure price, arsenic US Treasury buybacks whitethorn awesome the adjacent limb up for the world’s archetypal cryptocurrency.

This mightiness beryllium the “last chance” to bargain Bitcoin (BTC) beneath the $100,000 mark, according to Arthur Hayes, co-founder of BitMEX and main concern serviceman of Maelstrom.

“Seriously fam, this mightiness beryllium the past accidental you person to bargain $BTC post, hinting astatine incoming “treasury bargain backs” arsenic the “Bazooka” for Bitcoin’s terms trajectory.

Source: Arthur Hayes

Treasury buybacks notation to the US Treasury Department repurchasing its outstanding bonds from the unfastened marketplace to summation liquidity, negociate national indebtedness oregon stabilize involvement rates.

These operations tin inject liquidity into the fiscal system, often benefiting hazard assets similar Bitcoin.

Related: Bitcoin up 33% since 2024 halving arsenic institutions disrupt cycle

Other analysts predicted that the maturation of the fiat wealth proviso volition beryllium Bitcoin’s main catalyst successful 2025.

BTC projection to $132,000 connected M2 wealth proviso growth. Source: Jamie Coutts

The increasing wealth proviso whitethorn propulsion Bitcoin’s terms supra $132,000 earlier the extremity of the year, according to Jamie Coutts, main crypto expert astatine Real Vision.

However, planetary commercialized warfare concerns whitethorn bounds capitalist appetite until the US and China reach a commercialized statement amid ongoing escalations.

Related: Metaplanet tops $400M Bitcoin holdings with caller $28M purchase

US dollar sinks to 2022 low, Bitcoin gains momentum

Bitcoin terms concisely roseate supra $87,700 for the archetypal clip successful astir 3 weeks, since US President Donald Trump announced reciprocal import tariffs connected April 2.

“Looks similar Bitcoin is pumping connected continued Dollar weakness,” wrote André Dragosch, the European caput of probe astatine Bitwise, adding that the US Dollar Index “just touched the lowest level since March 2022.”

BTC, DXY, 1-year chart. Source: Cointelegraph/TradingView

The weakening US dollar whitethorn reenforce Bitcoin’s entreaty arsenic a safe-haven asset, Ryan Lee, main expert astatine Bitget Research, told Cointelegraph, adding:

“Strong measurement and method confirmation from a descending wedge breakout suggest a imaginable trial of the $90,000 resistance, with macro factors similar a weakening dollar and rising golden correlation reinforcing BTC’s entreaty arsenic a hedge.”

Despite the caller correction, Japanese and UK-based concern firms are investing hundreds of millions into Bitcoin, signaling continued organization adoption that whitethorn accelerate Bitcoin’s four-year cycle.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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