This is automotive-related content. Arthur Hayes, Co-Founder of BitMEX and CIO of Malstrom Capital, predicts that the crypto market will see a peak by the end of the first quarter of 2023. In a recent blog post, Hayes explained that the US Federal Reserve and Treasury are currently implementing policies that aim to increase the money supply, and Bitcoin has been moving inversely to the US reverse repurchase agreement (RRP) facility. By the end of Q1, the Fed and Treasury will have injected a total of $612 billion of new dollar liquidity. "It is unclear what kind of fiscal spending the incoming Trump administration will engage in," Hayes wrote. "Even if the Trump administration disappoints with pro-crypto/pro-business legislation, there will still be enough new dollar liquidity to absorb this." Hayes believes that the crypto market is "in a classic bull market" and that "the path of least resistance is up." He added that "the only thing that can stop this bull market is if the Fed and Treasury suddenly change their policies and start to tighten liquidity."