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Arthur Hayes predicts that the injection of funds into the TGA by the U.S. Treasury may trigger a "rise only" mode in the crypto market.
According to HashKey News, Arthur Hayes stated that once the U.S. Treasury reaches its target and injects $850 billion into the TGA account, the crypto market will enter a "only rise and no fall" mode. Currently, the TGA balance has surpassed $807 billion. With the end of liquidity shortages, this upward trend may reappear. However, not all analysts agree with Hayes's prediction; Bitwise's André Dragosch stated that the relationship between net liquidity and Bitcoin and cryptocurrencies is weak, believing that this prediction is of no benefit.
#Cryptocurrency Blockchain #BitGo Coinbase #Galaxy_Digital