Bitcoin Surges Above $71,000 as Raoul Pal Says It's The 'Bessent Put' and 'The Signal Is Enormous'
Bitcoin
Bitcoin (CRYPTO: BTC) on Thursday climbed another 4% to $71,800 as macro investor Raoul Pal called Wednesday's Treasury move a historic turning point. What Raoul Pal Calls the ‘Bessent Put' Pal posted on X that the Treasury's decision to double long-end bond buybacks came the day after the 30-year yield hit a 19-year high at 5.33%, and the timing was the whole point.
BTC
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