↗️Bitcoin nearly $80K. The U.S. Treasury is considering the possibility of using funds from its TGA account of about $950B to finance the buyback of government bonds.
🐂If funds start being withdrawn from the TGA, some liquidity could return to the financial system, which may lower bond yields and support risk assets.
🔼Against the backdrop of expectations for easier financial conditions, Bitcoin rose above $79,000.
‼️At this stage, this is only about the potential use of the TGA; specific amounts have not yet been announced. Waiting for Bessant’s comments.
$BTC #btc
🐂If funds start being withdrawn from the TGA, some liquidity could return to the financial system, which may lower bond yields and support risk assets.
🔼Against the backdrop of expectations for easier financial conditions, Bitcoin rose above $79,000.
‼️At this stage, this is only about the potential use of the TGA; specific amounts have not yet been announced. Waiting for Bessant’s comments.
$BTC #btc
