Will there be a stampede?
Hayes stated that he expects a significant bullish rally to begin in cryptocurrencies soon. According to him, the US Treasury Department will be a key driver of this movement.
Starting next month, the US Treasury will begin issuing $301 billion in bonds by the end of the year, which he believes will benefit bitcoin.
He projects that bitcoin will recover losses due to the appreciation of the Japanese yen by the end of the year.
Commenting on the November elections, Arthur Hayes speculated that the Treasury will do everything in its power to introduce a significant amount of liquidity into the market in October.
It is believed that early next year, the US debt ceiling will be raised, contributing to an increase in liquidity provided by the Fed.
Source: Investing.com
Thinking about this statement by Hayes, do you also believe that we are on the verge of a bull market?
$BTC $ETH $BNB #bull #touros