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 < $100k,” Hayes said in an April 21 X post, hinting at incoming “treasury buy backs” as the “Bazooka” for Bitcoin’s price trajectory.
Source: Arthur Hayes
Treasury buybacks refer to the US Treasury Department repurchasing its outstanding bonds from the open market to increase liquidity, manage federal debt or stabilize interest rates.
These operations can inject liquidity into the financial system, often benefiting risk assets like Bitcoin.
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