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An expanded U.S. Treasury bond buyback program could help Bitcoin reach its cycle target of $180,000 sooner, according to CoinDesk.
In an interview with CoinDesk, Mark Connors, chief investment officer at Risk Dimensions and a macroeconomic analyst, said if the Treasury’s measures ease pressure from long-term Treasury yields, BTC could gain a foundation for a rise to between $180,000 and $360,000. Connors added progress on the CLARITY Act around Sept. 15 will be a key short-term variable.