Treasury announced it will double its long-term debt buybacks to at least $4 billion per operation. This means the government is fixing the price of its own debt, which amounts to yield-curve control in everything but name. Secretary Bessent appeared on CNBC and insisted “we can grow our way out of the $40T debt” – while buying the debt back with printed money. Inflation, meanwhile, has sat at over 4% for five years.JUST IN: 🇺🇸 Treasury Secretary Bessent says "we can grow our way out of the $40T debt."
Bond buybacks could be upscaled again 🤯 pic.twitter.com/sLrRAMI2q8
— Bitcoin Archive (@BitcoinArchive) August 20, 2026Markets responded instantly. As Charlie Bilello put it, “More deficits. More debt. And a desperate attempt at financial repression... Treasury is resorting to financial shenanigans to suppress yields.” Gold jumped 3%, the dollar sank, and bitcoin ripped 12% in two days to $72,000, its highest in three months, incinerating more than $1.2 billion of shorts in a single hour, the largest short liquidation in bitcoin's history.Then President Trump, hosting bitcoin executives at the White House, was asked about the government buying bitcoin. He responded: “Certainly it’s been talked about. It's taken a lot of pressure off the dollar.”The sellers are spent. 15 months of selling by ETFs and people who had held bitcoin for the long term has finally faded away. Standard Chartered's Geoffrey Kendrick is now positioning for bitcoin priced at $100,000 by year’s end.The choice on the table is the one that’s always been there. Do you choose to save the fruit of your labor in an asset they can print and manipulate, or the one they can't? The bears just paid a record price for picking wrong.NEWSStrive's SATA preferred returns to $100 par, restarting automated bitcoin purchasesBitcoin's rally carried Strive's SATA perpetual preferred stock back to its $100 par threshold on Thursday for the first time since June 17. At this price, bitcoin acquisition by the fund automatically resumed, with roughly 110,000 shares issued and an estimated 76 bitcoins purchased immediately. SATA is engineered to mint new shares whenever it trades at or above par and convert the proceeds directly into bitcoin, stacking on top of Strive's 20,000+ bitcoin treasury.The $SATA printer has been reactivated. https://t.co/Ck1Kl80gh7
