Crypto Billionaire Arthur Hayes Predicts Bitcoin Bull Run to Return After $1.4 Trillion US Liquidity Spike
Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellenâs policies.
Bitcoin could see renewed momentum due to new United States economic shifts. Hayes believes that while the Federal Reserveâs decision to maintain interest rates may not directly impact Bitcoin and altcoins, Treasury Secretary Janet Yellen is now the key figure to watch.
Hayes Insights on âIgnoring the Fedâ in Bitcoin Bull Run
On April 29, the United States Treasury plans to release quarterly refunding documentation, outlining strategies for managing liquidity. Hayes highlights the importance of two liquidity sources within this documentation: the Reverse Purchase Agreement (RRPS) and the Treasury General Account (TGA).
Hayes emphasized Yellenâs crucial position within his theory, which suggests an increase in US dollar printing leading up to and beyond the upcoming Presidential election. He highlighted a potential $1.4 trillion liquidity injection stemming from a $1 trillion TGA drain and $400 million RRPs.
If any of these three options happen, expect a rally in stocks and, most importantly, a re-acceleration of the crypto bull market,â Hayes said The Fed is irrelevant, , you best respect her
Bitcoin ETFs Face âOverdueâ Slowdown
Bitcoinâs mainstream entry has sparked positive momentum for its price. Despite the most successful ETF debut in history, Bitcoin ETFs have further potential growth
Bloomberg ETF analyst Eric Balchunas sees the recent slowdown of inflows of BlackRockâs iShares Bitcoin Trust (IBIT) as a natural progression
IBIT is currently the second-largest Bitcoin product by assets under management, trailing only the Grayscale Bitcoin Trust (GBTC)
Out of all the 10,698 registered funds in the USA (including ETFs, mutual funds, and CEFs), IBIT currently ranks 2nd in YTD flows,â Balchunas said