Why Gold and Bitcoin Both Rise: The Treasury's Repurchase Program Teaches Investors About the Depreciation of the Dollar
2026-08-20 12:16:37
According to CoinMeta, the simultaneous rise in gold and Bitcoin reflects market concerns about the long-term purchasing power of the US dollar. The US Treasury Department announced an expansion of its repurchase program for long-term government bonds, planning to increase the scale of certain repurchases from $2 billion to at least $4 billion, focusing on bonds with a maturity of 10 years or longer. This news drove gold prices up by about 3%, while Bitcoin accelerated its rise from above $65,000 to near the $69,000-$70,000 range. Repurchases can increase market liquidity and reduce bond yields, thereby affecting the performance of various financial assets. Market reactions indicate that investors' concerns about government debt management and future inflation may have intensified.
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Source:Internet
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