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The U.S. crossed $40 trillion in national debt this week. Interest payments alone could top $1 trillion this year.
Our lead analyst Illia Otychenko told @TheStreet the milestone itself isn’t the catalyst. What matters is that it makes liquidity management harder, and liquidity is what actually drives $BTC in the near term.
The Treasury doubling its bond buybacks did more for this week’s rally than the debt number ever will.
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