Arthur Hayes Urges Bitcoin, Gold and Stocks Buys After Treasury Doubles Debt Buybacks
Updated
Updated · Yahoo Finance · Aug 23
Arthur Hayes Urges Bitcoin, Gold and Stocks Buys After Treasury Doubles Debt Buybacks
2 articles · Updated · Yahoo Finance · Aug 23
Summary
Arthur Hayes told investors to get long stocks, gold and Bitcoin after the US Treasury doubled debt buybacks, arguing the move signaled fresh liquidity support for risk assets.
Scott Bessent’s expansion targeted longer-dated Treasuries as 10-year yields neared 5%, which Hayes said effectively capped borrowing costs through a form of soft yield-curve control.
The immediate reaction backed that view: 30-year Treasury yields fell, Bitcoin pushed back above key moving averages near $70,000, equities climbed and altcoins turned broadly higher.
Hayes said the buyback increase marks the start of repeated interventions to protect US debt sustainability, comparing it to Janet Yellen-era support and the Bank of Japan’s long-running yield controls.