Treasury Buybacks Fuel Bitcoin Surge Towards $100K Target

Bitcoin has rebounded to nearly $69,000 as Standard Chartered analyst Geoff Kendrick ties a possible run to $100,000 to expanded U.S. Treasury bond buybacks.

The Treasury will at least double maximum buybacks for selected long-dated bonds from $2 billion to $4 billion per operation.

Kendrick's analysis suggests that this policy shift strengthens the case that Bitcoin's cycle low may already be in, with a sustained break above $65,500 confirming this view.