Treasury Debt Shift Sparks Explosive Catalyst Fears

Sean Farrell from Fundstrat believes a potential shift in US Treasury debt issuance could be an explosive catalyst for Bitcoin.

Farrell is watching for the Treasury's next quarterly refunding announcement, expected around November 2. He thinks that if the government reduces or suspends the issuance of 10- to 30-year Treasuries and moves more borrowing into shorter-dated bills, it could drive up demand for Bitcoin.

This would lead to currency debasement, which Farrell argues drives Bitcoin higher.