CoinTelegraph
2025-04-21 11:22:54

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

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. 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. Related: Bitcoin up 33% since 2024 halving as institutions disrupt cycle Other analysts predicted that the growth of the fiat money supply will be Bitcoin’s main catalyst in 2025. BTC projection to $132,000 on M2 money supply growth. Source: Jamie Coutts The growing money supply may push Bitcoin’s price above $132,000 before the end of the year, according to Jamie Coutts, chief crypto analyst at Real Vision. However, global trade war concerns may limit investor appetite until the US and China reach a trade agreement. Related: Metaplanet tops $400M Bitcoin holdings with new $28M purchase US dollar sinks to 2022 low, Bitcoin gains momentum Bitcoin briefly rose above $87,700 for the first time in nearly three weeks, since US President Donald Trump announced reciprocal import tariffs on April 2. “Looks like Bitcoin is pumping on continued Dollar weakness,” wrote André Dragosch, the European head of research at Bitwise, adding that the US Dollar Index “just touched the lowest level since March 2022.” BTC, DXY, 1-year chart. Source: Cointelegraph/ TradingView The weakening US dollar may reinforce Bitcoin’s appeal as a safe-haven asset, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph, adding: “Strong volume and technical confirmation from a descending wedge breakout suggest a potential test of the $90,000 resistance, with macro factors like a weakening dollar and rising gold correlation reinforcing BTC’s appeal as a hedge.” Despite the recent correction, Japanese and UK-based investment firms are investing hundreds of millions into Bitcoin, signaling continued institutional adoption that may accelerate Bitcoin’s four-year cycle. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

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