The Sino-US Crypto Bull Market Will Be Great in 2025, With Liquidity All Over the Place!!
#MarketDownturn
BitMEX co-founder Arthur Hayes stated in his latest blog post that Yellen will pump at least $301 billion and up to $1.05 trillion between now and the end of the year. This will create a great bull market for all risk assets, including cryptocurrencies, before the election.
Crypto risk markets have been trading sideways since April of this year, with liquidity draining from the system due to the net decline in outstanding Treasuries. Cash remains trapped on the Fed’s balance sheet, unable to push financial asset prices higher.
According to Yellen, the net issuance of US Treasuries will reach $301 billion between now and the end of the year. If this relationship holds true, Bitcoin will quickly regain the sell-off caused by the rising yen. Bitcoin’s next stop is $100,000.
The alt season will not return until Bitcoin and Ethereum break $70,000 and $4,000, respectively.
Hayes also said: “This is the best time for liquidity this year, so I will sell on the rise and put money into Ethena USD (sUSDe) Once Yellen and Powell get their act together, China will unleash its long price.” $BTC $ETH