Bitcoin Price Predicted to Hit $180,000 Amid US Treasury and Bank Actions
Risk Dimensions believes that the price of Bitcoin could reach $180,000 if US authorities increase the purchase of long-term treasury bonds and banks get more room to buy government debt.
The main scenario from Risk Dimensions is linked to actions by the US Treasury. If the agency increases the volume of buybacks for long-term treasury securities, this could support demand for risk assets, including Bitcoin.
The second condition is a possible easing of the supplementary leverage ratio (SLR) requirement. Softer requirements would allow banks to more actively purchase US government debt. For the digital asset market, such a move could be an additional bullish signal.