According to CoinMeta, Bitcoin co-founder Arthur Hayes pointed out in an article on August 25th that the expansion of long-term Treasury bond repurchases by the U.S. Treasury Department marks the beginning of a new bull market. On August 25th, Bitcoin broke through $80,000 in trading, reaching a intraday high of over $81,000. Hayes believes that the Treasury Department's repurchases will increase dollar liquidity and lower long-term yields, making risk assets more attractive. Although the Treasury Department has stated that the plan is aimed at supporting market liquidity rather than providing monetary stimulus, he believes this will have a positive impact on Bitcoin.