Bitcoin Surges Above $71,000 as Raoul Pal Says It's The 'Bessent Put' and 'The Signal Is Enormous'

Bitcoin Surges Above $71,000 as Raoul Pal Says It's The 'Bessent Put' and 'The Signal Is Enormous'

Bitcoin climbed 4% to $71,800 after U.S. Treasury doubled long-bond buybacks—first direct fiscal move within 24 hours of major yield spike without Fed coordination. For managers, this liquidity easing (no QE) reduces collateral risk via coordinated Treasury, yen intervention, and Asia swaps—signaling policy shift toward yield stability.