An essay argues that money-market interventions by Yellen and Bessent can create dollar liquidity that flows into Bitcoin and crypto. It cites two episodes: Yellen issuing more bills than bonds in late 2023 and Bessent intervening in the dollar-yen market while increasing Treasury buyback notional.
The essay says Bitcoin rallied after Yellen’s move and argues it could do the same after Bessent’s recent actions. It frames both officials as using money-printing strategies to cap Treasury yields and support market stability.
Essay Says Treasury Market Moves Could Boost Bitcoin and Crypto
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