Treasury Buybacks May Signal the Next Bitcoin Boom
BitMEX co-founder Arthur Hayes believes the upcoming Treasury buybacks can serve as a significant bullish driver for Bitcoin and that it will jump sharply over the $100,000 mark.
In a post on April 21, Hayes warned that investors have only limited time to buy BTC at under six figures:
“Seriously folks, this might be the last chance you ever have to buy $BTC <$100k,” he wrote, labeling Treasury buybacks a “Bazooka” for Bitcoin’s subsequent rally.
Treasury buybacks, where the U.S. government repurchases its own debt, can drive liquidity in financial markets—circumstances which typically benefit risk assets like Bitcoin.
Liquidity Surge and Fiat Expansion Prefer Crypto
Market commentators have also mentioned macroeconomic pressures, principally fiat money supply growth, as a headwind for Bitcoin.
Real Vision senior crypto analyst Jamie Coutts is projecting Bitcoin to top out at $132,000 within the current year, led significantly by M2 money supply expansion. Even if trade tensions with the world persist as an annoying sore point, greater institutional capital flows are injecting strong tailwinds behind medium- to longer-term price dynamics.
Weaker Dollar Fuels BTC’s Safe-Haven Story
Bitcoin briefly traded above $87,700 following fresh U.S. dollar weakness, which just hit the weakest level since March 2022.
Bitwise’s André Dragosch attributed the rally to “ongoing Dollar weakness,” with Bitget’s Ryan Lee attributing it to bullish chart setups, including a breakout out of a falling wedge.
Lee went on, “Macro considerations like a weakening dollar and rising gold correlation reinforce the appeal of BTC as a hedge.”
Institutional Adoption Continues Despite Volatility
Despite recent price realignments, UK and Japanese investment firms are pouring vast amounts of capital into Bitcoin. These moves validate persistent institutional faith and consolidate the persistent four-year BTC pattern.
Barring current trend stopping, the subsequent important resistance will be around $90,000, with market forces and macroeconomic drivers targeting even higher objectives in 2025.
