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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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🇺🇸 US Treasury just bought $2 billion worth of its own debt.
This week, US treasury has bought nearly $6B in debt and it's very bullish.
Buying T-bills (or debt) resultes in higher bond prices and lower yields.
With lower yields, more borrowing could happen which is bullish for crypto and stocks.
The Fed is still doing QT, but Treasury is doing exactly what crypto needs.