Visser Says Treasury Refunding Could Ease Pressure on Bitcoin and Gold

what happened

Wall Street veteran Jordi Visser told Anthony Pompliano's podcast that the U.S. Treasury's refinancing announcement due next week could take pressure off Bitcoin, gold and AI-linked equities. Stocktwits reported his remarks. Visser argued that elevated real yields have weighed on crypto and gold, pointing to inflation expectations near 2.5% and a 10-year yield close to 5%, which he described as roughly 250 basis points of real yield.

The quarterly refunding statement is scheduled for November 4 and will set how much debt is sold and at which maturities. Visser suggested the Treasury could trim long-dated bond sales and lean on shorter debt, calling it a sign that officials do not want long-term yields rising. Citi strategists, including Jason Williams, reportedly expect 20- and 30-year auction sizes to fall by $3 billion each. Visser also flagged heavy borrowing by AI firms such as Oracle, which has raised over $60 billion since last September and, he said, does not plan to raise much more before June.

Bitcoin's muted response, which Visser linked to lower volatility, has been calmer than AI names all year. Its price fell 0.1% over 24 hours to about $77,500.

why it matters

For traders, the link runs through real yields and liquidity: a smaller long-end supply could ease yield pressure, which tends to favor assets that pay no income. This is one analyst's view, and the actual November 4 statement will decide whether it plays out.

market impact

Bitcoin, gold, AI stocks: by one analyst's view, lower long-end yields would ease pressure

tags

instruments