Can Bitcoin’s Price Surge Be Attributed to Rising Dollar Liquidity? 📈

Arthur Hayes, BitMEX co-founder, expressed optimism for #Bitcoin , correlating its potential price increase with a surge in US dollar liquidity.

Highlighting a chart depicting changes in reverse repurchase agreements and treasury account balances, Hayes linked rising #liquidity to Bitcoin's upward trend. Additionally, crypto analyst dharmafi revealed specific figures indicating a $106 billion net liquidity surge since Nov. 21.

Amidst this, US Treasury Secretary Janet Yellen's cautionary remarks regarding cryptocurrency #regulations were noted. Yellen emphasized compliance within the digital currency industry while expressing skepticism about Bitcoin.

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