Bitcoin Tailwind Incoming In Q3, How High Can BTC Price Soar?
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Bitcoin (BTC) price is currently in a consolidation phase after days of consistent downtrend. Crypto analyst Rob on social media platform X claims Bitcoin may experience an uptrend in the third quarter (Q3) of 2025. The analyst cites a drawdown in the Treasury General Account (TGA) as the key factor in propelling Bitcoin’s price. Given this forecast and other favorable metrics, market participants now anticipate whether Bitcoin will retest new highs. Bitcoin and Treasury General Account Relation Rob states that Bitcoin’s current trend is similar to those witnessed during the 2017 and 2021 bull runs. He, however, explained that this cycle leans towards 2017 rather than 2021, particularly in terms of its relations with the TGA. The Treasury General Account is the government’s operating account operated by the US Federal Reserve (Fed). The government uses this account to collect taxes, customs duties, proceeds from the sale of securities, and public debt receipts while facilitating payments. – Advertisement – The government previously relied on the TGA to meet expenses when the US hit its debt ceiling limits. When this happens, the country can no longer borrow more from the public to fund its operations. As a result, the government usually looks for alternatives, such as using the TGA. TGA QE/not QE This Cycle Feels More 2017 Than 2021, Here’s Why… I’ve been digging into how the Treasury General Account (TGA), Fed Balance Sheet (BS), and Reverse Repo (RRP) levels line up with Bitcoin in 2017, 2021, and 2025. Quick takeaways: We Look More Like 2017TGA is at… pic.twitter.com/j7WaHRfHbp — Rob (@Rob_Jones19) February 10, 2025 This move has historically positively impacted risk assets such as Bitcoin. This scenario plays out because the government transfers cash from the TGA to the bank accounts of various entities like employers and contractors at commercial banks.…
Filed under: News - @ February 11, 2025 9:25 pm