Overview
- The U.S. Treasury said on Aug. 19 it will raise the maximum size of 10‑ to 30‑year buyback operations from $2 billion to at least $4 billion per auction, with the larger limit taking effect on Sept. 9.
- Robert Kiyosaki posted on X on Aug. 22 urging followers to buy Bitcoin, gold, silver and selected real estate while calling the Treasury move 'printing fake dollars' and a covert form of quantitative easing.
- Treasury officials and market reporters reject that framing and say buybacks are a debt‑management and liquidity tool that replace outstanding securities rather than expand the monetary base like Federal Reserve QE.
- Markets moved sharply in the same window as long yields fell and the dollar weakened, Bitcoin rallied more than 20% to a near‑term high around $79,500 before trading near $76,000, and U.S. spot Bitcoin ETFs logged about $1.92 billion of net inflows over five sessions.
- The Sept. 9 start of larger buybacks is the immediate event to watch because it will show if the operations meaningfully affect long‑term yields, the dollar and flows into assets that investors use as hedges.