The post BTC Price: Arthur Hayes Reveals Timeline for Bitcoin’s Next Rally appeared first on Coinpedia Fintech News
BitMEX co-founder Arthur Hayes has shed light on the potential rally of Bitcoin, stating that the recent Treasury General Account (TGA) refill will not significantly impact the liquidity of the US dollar, and risk assets like Bitcoin will soon start to rally once again.
Bitcoin Is Poised To Soar
Hayes, known for his bullish stance on Bitcoin (BTC), reassured investors on June 20 that the TGA refill conducted by the US Treasury Department would not have a major impact on risk markets. He pointed out that the US dollar net liquidity currently stands at a substantial $77 billion, indicating that there is no cause for concern.
Right now the net of +$77bn means the TGA refill is not hurting risk markets. It might turn out that TGA refill is nothing to worry about, and then I will speed up the pace of adding crypto risk to my portfolio. If this index goes -ve I will slow
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