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Crypto Macro

Treasury Buybacks Could Propel Bitcoin to $180K: Strategist

Macro strategist Mark Connors says the US Treasury’s plan to regularly buy back long-term bonds could catalyze Bitcoin’s next rally, potentially pushing BTC to $180,000. He argues that lower Treasury yields from buybacks would ease macro pressure on risk assets, with support possibly expanding to $10-30B monthly. Connors also notes that SLR rule adjustments and the CLARITY Act’s progress are key factors to watch.

Original source

AI take

The argument here is less about Bitcoin's own fundamentals than about the macro plumbing: Treasury buybacks would lower long-term yields, and Connors treats that as a risk-asset tailwind that could carry into crypto. The scale he floats for monthly support is what gives the claim its weight, since the mechanism runs through rates rather than crypto-specific flows. The open question is whether the regulatory and bank-capital pieces he flags — SLR adjustments and the CLARITY Act — actually move, because without them the buyback effect alone may not be enough to validate the target.

Generated by AI for reference only.

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