US Treasury Buybacks Could Pave Way for Bitcoin's Next Stop at $180,000

On August 21, according to CoinDesk, multiple analysts noted that the U.S. government's potential Treasury bill buyback program is paving the way for Bitcoin to target the $180,000 price level. The market believes that when the Treasury stops issuing short-term notes or begins buying back existing debt, it will generate a significant liquidity spillover effect.

This macro-environment shift driven by fiscal policy is seen as the core logic for Bitcoin to break out of its current consolidation range and a key driver for the subsequent market rally. Analysts emphasized that once relevant policies are implemented, coupled with the Federal Reserve's asset allocation adjustments, macro liquidity will quickly turn accommodative, constituting a substantial positive for the cryptocurrency market, including Bitcoin.

[TechFlow]