An X account linked the U.S. Department of the Treasury’s debt repurchases to faster dollar debasement and a positive case for Bitcoin (BTC), while Treasury’s tentative schedule lists another buyback next week.
In a Nov. 12 post, The Bitcoin Historian (@pete_rizzo_) said its November tally for Treasury purchases had reached $10 billion and pointed to an operation that day with a $750 million cap. It argued that the purchases signaled faster dollar debasement and could favor Bitcoin.
Treasury’s tentative November schedule lists a Nov. 17 operation capped at $6 billion for securities maturing in 20 to 30 years. The department says liquidity-support buybacks are intended to improve liquidity in previously issued securities.
EconoTimes previously examined the account’s claim about BNY’s Bitcoin position, which lacked a valuation date and comparison period.
