Jordi Visser Says One Overlooked Event Could Help Bitcoin Break Out Of Its Slump

What happened

Jordi Visser said on a podcast that the U.S. Treasury's quarterly refunding announcement on November 4 could ease pressure on Bitcoin, gold and AI stocks. He noted that after the Treasury increased long-term bond buybacks from $2 billion to at least $4 billion per operation in August, Bitcoin rose about 21% in 72 hours.

Confirmed

Global impact / market context

If the Treasury sells fewer long-term bonds and borrows more short term, long-term interest rates may fall. Lower long-term rates would reduce the return investors get after inflation, which could make Bitcoin and gold more appealing compared with bonds.

Analyst inference

Visser argues high real interest rates, which means rates after subtracting inflation, have weighed on crypto and gold. With inflation expectations near 2.5% and the 10-year yield near 5%, he calculates about 250 basis points of real yield, a headwind for assets that pay no income.

Analyst inference

What to watch

1. The Treasury's quarterly refunding announcement is scheduled for November 4 and will set how much debt the government sells and at which maturities, which means the mix of short-term and long-term borrowing. Confirmed
2. Visser suggests the Treasury could cut sales of long-term bonds and shift borrowing to shorter-term debt, which would signal officials do not want long-term yields to rise further. Proposed
3. Citi strategists reportedly expect cuts of $3 billion each to 20-year and 30-year bond auctions; if confirmed, reduced long-bond supply could lower long-term yields and ease pressure on Bitcoin. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• stocktwits.com