Bitcoin Price Prediction 2026: Treasury Buyback Sparks $100K

Filed 1mo ago · Via Forbes · The Buffoon Desk

THIS STORY IS SCORED

Run Amok

Kevin MacLeod · incompetech.com · CC BY 4.0

Photo: Ernesto Pochintesta · Public domain · via Wikimedia Commons

Bitcoin jumped from roughly $64,124 to above $69,000, liquidating about $1.29 billion in short positions, after the U.S. Treasury announced it would double long bond buybacks to at least $4 billion per operation from September 9 through November 4. Standard Chartered's Geoff Kendrick called it a bullish catalyst and set a $100,000 year-end target, though the firm has already cut that same target twice since February, once from $150,000.

Hours later the FOMC minutes showed a hawkish 9-3 vote holding rates at 3.50%-3.75%, with three regional Fed presidents pushing for a hike over AI-driven inflation fears. Traders immediately split into competing camps, with some predicting a drop to $62,000 or $58,500 and others insisting $68,000 is a floor.

The full dispatch is available from the source below.

✒ FROM THE EDITORIAL DESK

A market that swings on a Treasury press release and then unswings on a footnote in Fed minutes isn't forecasting so much as narrating its own mood swings in real time. When the most-cited price target has already been slashed twice this year, the headline number says less about bitcoin than about how little conviction sits behind it.

Source: Read the original at Forbes → Scored: Run Amok · Kevin MacLeod · CC BY 4.0