Former BitMex CEO Arthur Hayes believes the upcoming US Treasury policy actions under Secretary Janet Yellen could significantly influence the liquidity landscape and potentially catalyze rallies for crypto and stocks.
Hayes said the market should stop focusing on the Fed’s policy decisions because the Treasury only has three options for its policy action next week — each of which could potentially inject high levels of liquidity into the markets.
Hayes speculated on several unconventional strategies the Treasury might deploy following a substantial increase in tax receipts that added approximately $200 billion to the Treasury General Account (TGA).
Hayes’ Predictive Scenarios
TGA is the US government’s primary operating account, and its management is crucial for federal spending and broader financial market liquidity. Yellen is scheduled to make the next Treasury refunding announcement in the week of April 29.
Zeroing Out the TGA
Hayes’ first scenario involves the Treasury s
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