🚀 The US monetary policy will trigger BTC growth in the first quarter of 2025
This was stated by BitMEX co-founder Arthur Hayes.
💰 In his opinion, one of the main factors influencing the growth of the crypto market remains the influx of dollar liquidity.
He identified 2 sources of this liquidity 👇
⏺Decrease in reserves in the reverse repo fund (RRP). The September decrease in RRP has already led to an influx of $2 trillion into the markets, supporting the growth of stocks and cryptocurrencies. In the 1st quarter, RRP may fall to nearly zero, adding another $237 billion in liquidity.
⏺Use of the US Treasury General Account (TGA). Due to the inability to increase public debt, the Treasury will spend funds from the TGA. This will also provide a positive momentum for liquidity.
The expert predicts that by March, $180 billion in liquidity will be removed from the market. This will lead to the market reaching a peak in mid to late March.