In an August 23, 2026 video interview with Altcoin Daily, BitMEX co-founder Arthur Hayes said Treasury Secretary Bessent announced at least doubling long-end bond buybacks, sending the 10-year yield to 4.75% with 5% possibly in sight. He argued that despite strong inflation, steady growth and the 2-year yield running 50–60 basis points above the effective fed funds rate — all pointing to hikes — the Fed won't actually raise rates, because the Treasury must keep issuing short-term bills to keep the market functioning. Buybacks mean more liquidity, with more money chasing scarce assets like Bitcoin. He added that once the market truly fears yield curve control, Bitcoin could quickly rise to hundreds of thousands of dollars.

Source: https://youtu.be/8uSTbMRWtUw?si=yh-izLpcnoK19i_0