AgentOrange 🍊 retweetledi

The US Treasury is auctioning T-bills today. It will do this 30+ more times before June.
Here's why that matters for Bitcoin.
The GENIUS Act forces stablecoins to hold T-bills 1:1. It also bans them from paying yield.
So issuers keep all the interest themselves.
Tether made $13B in 2024. More than double BlackRock's net income. With 300 employees.
They now hold $122B in T-bills. More than Germany.
T-bill issuance leads BTC by 8 months at 0.80 correlation.
Refinancing wall peaks mid-2026. Lag puts the BTC impulse in late 2026.
America's debt problem and Bitcoin's next bull cycle are the same trade.

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