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Arthur Hayes, co-founder of BitMEX, believes upcoming U.S. Treasury bond buybacks could inject major liquidity into markets and send Bitcoin to $110,000, or even as high as $200,000.

In an Apr. 23 Substack article, Hayes pointed to the Treasury’s plan to issue new debt to repurchase older, less liquid bonds, commonly called off-the-run Treasuries. These bonds don’t trade as frequently, so buying them back could help smooth out the bond market while offering arbitrage opportunities for institutional investors.

Hayes points out that Treasury Secretary Scott Bessent will probably rely more on bond issuance and buybacks to maintain market stability, given the widening U.S. deficits and declining tax revenue. 

If liquidity keeps flowing, Bitcoin could reach $110,000 and then surge toward $200,000, Hayes predicted. And once BTC breaks that level, altcoins may see an even bigger surge as investors rotate into higher-risk assets.

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I want it to happen. We'll wait for the surge.)))