Source: CryptoSlate ↗
Bitcoin tops $80,000 as Treasury weighs $950 billion cash pile for bond buybacks
What the source reports
Bitcoin price has crossed $80,000 as the US Treasury explored tapping its roughly $1 trillion cash pile to fund an escalating effort to stabilize long-term government debt. Two senior Treasury officials told CNBC that the Treasury General Account, the federal government's operating account at the Federal Reserve, could help finance expanded bond buybacks. The officials […]The postBitcoin tops $80,...
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