Macro strategist Mark Connors said the U.S. Treasury’s plan to regularly repurchase long-term government bonds could become a key turning point for Bitcoin by easing a major macroeconomic pressure that has weighed on crypto markets. Treasury Secretary Bessent said the buyback program could exceed the previously announced $4 billion. Connors expects the purchases could ultimately reach $10 billion to $30 billion per month, signaling a significant government response to rising long-term borrowing costs. He has therefore revised his Bitcoin outlook, no longer believing investors must wait until November for an upswing, and raised his target range to $180,000-$360,000. The first move to $180,000 could occur after regulatory policy becomes more accommodative.