The US has started saving the bond market. And $BTC has already partially priced it in.
The yield on 30-year Treasuries jumped by 5.34%—the highest level since 2007. The Treasury announced it would buy back long-dated securities from 2$ mlrd to 4$ mlrd for the operation, and this may not be the ceiling. The buybacks haven’t started yet—scheduled for September 9.
The logic is simple. When risk-free yields are 5%+, why go into stocks and crypto. The Treasury creates demand for bonds → prices rise → yields fall → money starts looking for risk again.
The market promised this to itself even before it happened. Over the week, $BTC moved from 64k to 79k. It’s currently around 77,600. The promise is already priced in. If the buybacks really do inflate the market—then it’s a plus. If it turns out to be a bust—we’ll give back part of the gains.
What do you think, has #Bitcoin already priced everything in, or will September still give it another leg?
The yield on 30-year Treasuries jumped by 5.34%—the highest level since 2007. The Treasury announced it would buy back long-dated securities from 2$ mlrd to 4$ mlrd for the operation, and this may not be the ceiling. The buybacks haven’t started yet—scheduled for September 9.
The logic is simple. When risk-free yields are 5%+, why go into stocks and crypto. The Treasury creates demand for bonds → prices rise → yields fall → money starts looking for risk again.
The market promised this to itself even before it happened. Over the week, $BTC moved from 64k to 79k. It’s currently around 77,600. The promise is already priced in. If the buybacks really do inflate the market—then it’s a plus. If it turns out to be a bust—we’ll give back part of the gains.
What do you think, has #Bitcoin already priced everything in, or will September still give it another leg?