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Bitcoin crosses $81,000 as Treasury eyes $950B bond buyback plan
Bitcoin surpassed $81,000 for the first time since May, with the move tied to macro developments rather than crypto-specific catalysts.
Two senior Treasury officials told CNBC that the Treasury General Account the federal government's roughly $1 trillion operating account at the Federal Reserve could be used to finance expanded bond buybacks aimed at stabilizing long-term government debt. The prospect of large-scale liquidity deployment and a weaker dollar has revived what analysts call the "debasement trade," historically associated with Bitcoin inflows.
#BTCBreaks$81k