Bitcoin expected to post best weekly performance in over three years as Bessent expands long-term US Treasury repo operations, sparking expectations of a weaker dollar.
Source：
www.ft.com
According to the Financial Times, following U.S. Treasury Secretary Scott Bessent’s announcement to at least double the scale of long-term U.S. Treasury buybacks, concerns over the declining purchasing power of the dollar have intensified, driving a return to the "currency depreciation trade." Bitcoin rallied 24% this week, surging past $78,000 and poised to log its best weekly performance in over three years; gold posted a cumulative gain of more than 13% in August, potentially marking its largest monthly increase since 1999.
