Failed Treasury Intervention Could Boost Bitcoin

CoinShares highlights that persistent inflation could keep Federal Reserve policy restrictive, creating near-term pressure on Bitcoin and limiting its rise above $80,000.

The firm notes that despite the Treasury's expanded bond-buyback program, long-term yields have not been materially reduced, indicating ongoing pressure in the market.

This failure could lead to stronger intervention from the Treasury, potentially strengthening the debasement narrative supporting Bitcoin and Gold, CoinShares says.