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Hayes Sees Bull Market as Bitcoin Rallies Past $80,000 Amid Treasury Buyback Boost

Guavy AI Editorial Team
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BTC
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Bitcoin surpassed $80,000 on August 25 after U.S. Treasury Secretary Scott Bessent announced expanded long-end liquidity-support buybacks.

The new policy doubles the maximum size of certain buyback operations to at least $4 billion per operation between September 9 and November 4.

BitMEX co-founder Arthur Hayes attributed Bitcoin's rally to the increased dollar liquidity provided by the Treasury's expanded buybacks, saying a bull market has begun.

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