{"id":50950,"date":"2026-09-11T21:22:59","date_gmt":"2026-09-11T21:22:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=50950"},"modified":"2026-09-11T21:22:59","modified_gmt":"2026-09-11T21:22:59","slug":"bitcoins-unusual-mix-bearish-inflation-print-bullish-buyback-failure","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=50950","title":{"rendered":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure<\/a><\/p>\n

<\/div>\n

Bitcoin\u2019s path higher just got harder in the short term, but the setup further out may be improving, according to a new report.\u00a0<\/p>\n

In a Friday note, European asset manager CoinShares\u2019 Head of Research, James Butterfill, said<\/a> firmer-than-expected core inflation raises the odds of tighter Fed policy and could cap bitcoin below $80,000 for now.\u00a0<\/p>\n

But the longer-term case, he argued, rests on the U.S. Treasury\u2019s bond buyback programme failing to bring down long-end yields \u2014 a failure that could ultimately feed the debasement narrative that has supported both bitcoin and gold.<\/p>\n

\u201cThe result is therefore a somewhat unusual policy mix for Bitcoin,\u201d the report read. \u201cToday\u2019s CPI data is negative at the margin, increasing the probability of tighter monetary policy and potentially limiting the immediate upside.\u00a0<\/p>\n

\u201cBut the apparent failure of the Treasury\u2019s current buying programme increases the likelihood of much more substantial intervention further ahead.\u201d<\/p>\n

It continued: \u201cIf that happens, it could become one of the more powerful medium-term catalysts for Bitcoin.\u201d<\/p>\n

Data on Friday revealed<\/a> that the consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier \u2014 higher than expected.\u00a0<\/p>\n

According<\/a> to CME\u2019s FedWatch tool, traders think there is a 85% chance interest rates will be higher after the Federal Reserve meets next week. Bitcoin has typically performed well in a low interest rate environment.\u00a0<\/p>\n

But the U.S. Treasury\u2019s expanded bond buyback programme has so far failed to materially suppress long-term yields.\u00a0<\/p>\n

If yields stay stubbornly high, Butterfill said, pressure will build on Treasury Secretary Scott Bessent to escalate to a much larger, \u201cbazooka-style\u201d buying programme aimed at forcing borrowing costs down.<\/p>\n

Bitcoin in August had one of its best runs in years after Treasury Secretary Scott Bessent announced the department would double the size of its long-dated bond buybacks.\u00a0<\/p>\n

The announcement and subsequent price surge has led some to say the much talked-about debasement trade is back. The so-called debasement trade is when investors buy an asset as a way to hedge against a currency losing value.\u00a0<\/p>\n

Bitcoin and gold have both benefited as part of the trade as the dollar weakens.\u00a0<\/p>\n

This post Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure Bitcoin\u2019s path higher just got harder in the short term, but the setup further out may be improving, according to a new report.\u00a0 In a Friday note, European asset manager CoinShares\u2019 Head of Research, James Butterfill, said firmer-than-expected core inflation raises the odds of […]<\/p>\n","protected":false},"author":1,"featured_media":50951,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-50950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=50950\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure Bitcoin\u2019s path higher just got harder in the short term, but the setup further out may be improving, according to a new report.\u00a0 In a Friday note, European asset manager CoinShares\u2019 Head of Research, James Butterfill, said firmer-than-expected core inflation raises the odds of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=50950\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-11T21:22:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/09\/Pics-1-7.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure\",\"datePublished\":\"2026-09-11T21:22:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950\"},\"wordCount\":401,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-1-7-a5ZZ22.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950\",\"name\":\"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-1-7-a5ZZ22.jpg\",\"datePublished\":\"2026-09-11T21:22:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=50950\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-1-7-a5ZZ22.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-1-7-a5ZZ22.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50950#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=50950","og_locale":"en_US","og_type":"article","og_title":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag","og_description":"Bitcoin Magazine Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure Bitcoin\u2019s path higher just got harder in the short term, but the setup further out may be improving, according to a new report.\u00a0 In a Friday note, European asset manager CoinShares\u2019 Head of Research, James Butterfill, said firmer-than-expected core inflation raises the odds of […]","og_url":"https:\/\/cryptomag.finance\/?p=50950","og_site_name":"Cryptomag","article_published_time":"2026-09-11T21:22:59+00:00","og_image":[{"url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/09\/Pics-1-7.jpg","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=50950#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=50950"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure","datePublished":"2026-09-11T21:22:59+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=50950"},"wordCount":401,"image":{"@id":"https:\/\/cryptomag.finance\/?p=50950#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-1-7-a5ZZ22.jpg","articleSection":["Bitcoin"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=50950","url":"https:\/\/cryptomag.finance\/?p=50950","name":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=50950#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=50950#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-1-7-a5ZZ22.jpg","datePublished":"2026-09-11T21:22:59+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=50950#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=50950"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=50950#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-1-7-a5ZZ22.jpg","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-1-7-a5ZZ22.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=50950#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Bitcoin\u2019s \u2018Unusual Mix\u2019: Bearish Inflation Print, Bullish Buyback Failure"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/50950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50950"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/50950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/50951"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}