August 13 news, BitMEX co-founder Arthur Hayes said in the latest blog post that between now and the end of the year, Yellen will inject at least 301 billion dollars and up to 1.05 trillion dollars. This will create a brilliant bull market for all risk assets, including cryptocurrencies, before the election.
Since April of this year, the crypto risk market has been trading sideways, with liquidity being withdrawn from the system due to a net decrease in outstanding treasury securities. Cash is still trapped on the Federal Reserve's balance sheet (RRP) and cannot drive financial asset prices higher. As a result, according to Yellen, net issuance of US treasury securities will reach $301 billion between now and the end of the year. If this relationship holds, Bitcoin will quickly give up the sell-off caused by the appreciation of the yen. The next stop for Bitcoin is $100,000.
Only after Bitcoin and Ethereum break through $70,000 and $4,000, respectively, will the counterfeit products season return. Hayes also said, "This year is the best time for liquidity. Therefore, I will sell on the high. And put the money in and pledge to Ethena USD (sUSDe). Once Yellen and Powell join forces, China will unleash its long-awaited fiscal stimulus package. The U.S.-China cryptocurrency bull market in 2025 will be brilliant."
Arthur Hayes: The US-China cryptocurrency bull market in 2025 will be brilliant, with liquidity everywhere
2024-08-13 00:19:37
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