POPA ReconArthur Hayes Says Bitcoin Bull Market Is Underway as Treasury Buybacks Boost Liquidity
Arthur Hayes Says Bitcoin Bull Market Is Underway as Treasury Buybacks Boost Liquidity BitMEX co-founder and Maelstrom CIO Arthur Hayes argued in his latest essay, Same Same But Different, that U.S. Treasury Secretary Scott Bessent’s expansion of longer-dated Treasury buybacks is effectively creating more dollar liquidity and should benefit Bitcoin first. Hayes said an aggressive scenario could see the Treasury move toward de facto yield-curve control if the 10-year yield breaches 5%, while a more likely path involves steadily larger buybacks and deployment of roughly $1 trillion held in the…
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