Cathie Wood Ties Bitcoin's Q3 Rally to Bessent's Treasury Buybacks, Praises Warsh's Fed
- —ARK linked ARKB's gains to Treasury doubling long-dated buybacks to at least $4B per operation
- —The Fed raised rates to 3.75%-4.00% on September 16, its first hike since 2023
- —ARK compared Warsh to Volcker, citing five task forces including three on inflation
- —The report set no new bitcoin price target
Why it matters: The note shows how a major asset manager frames crypto's performance around US Treasury and Fed policy rather than industry-specific catalysts.
Source: The Crypto Times