Arthur Hayes: The key institution that influences the future of Bitcoin is the U.S. Treasury, not the Federal Reserve
BitMEX co-founder Arthur Hayes said that the US Treasury, not the Federal Reserve, is the key institution affecting global liquidity and the future of Bitcoin.
Hayes pointed out that the US Treasury Secretary is reshaping global liquidity by managing the constantly expanding debt burden through repurchase and auction strategies. The core concern of the market is whether the dollar liquidity in the system continues to increase. In addition, geopolitical factors will also drive up the price of Bitcoin. He predicted that the trade agreement between the United States and China will be more symbolic than substantive in nature.
He revealed that about 60%-65% of his investment portfolio is in Bitcoin, 20% in Ethereum (ETH), and the rest in "tokens with actual functionality."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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