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.
