Arthur Hayes, co-founder and former CEO of BitMEX, asserts that the U.S. Treasury plays a key role in Bitcoin's future, focusing on its fiscal operations.
Treasury's Role in Shaping Bitcoin
Hayes claims that the fiscal maneuvers of the U.S. Treasury significantly affect Bitcoin, overshadowing the actions of the Federal Reserve. He emphasizes that it is the Treasury's operations that determine macroeconomic perspectives.
Liquidity Operations and Their Significance
According to Hayes, asset buybacks and liquidity support from the Treasury are crucial factors impacting Bitcoin's trajectory. All this unfolds against the backdrop of diminishing traditional stimulation methods from the Federal Reserve.
Future of Bitcoin and Potential Changes
Hayes predicts that upcoming fiscal actions of the Treasury may lead to an increase in Bitcoin's value. He connects this with the positive reactions of markets to previous Treasury interventions, providing grounds for expecting growth in investment flows into cryptocurrencies.
Thus, it is important to take into account the fiscal operations of the U.S. Treasury, as they may not only change market dynamics but also significantly influence the value of Bitcoin and other cryptocurrencies.
