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

Incoming US Treasury buybacks and a weakening US dollar may bolster Bitcoin’s appeal as a hedge against turbulence in the traditional financial system.

Investors seeking Bitcoin exposure may be running out of time to purchase below a six-figure price, as US Treasury buybacks may signal the next leg up for the world’s first cryptocurrency.

This might be the “last chance” to buy Bitcoin (BTC) below the $100,000 mark, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.

“Seriously fam, this might be the last chance you have to buy $BTC post, hinting at incoming “treasury buy backs” as the “Bazooka” for Bitcoin’s price trajectory.

Read more