đ Cryptocurrencies Will Enter Go to The Moon Mode â Arthur Hayes Means Business
Arthur Hayes, co-founder of BitMEX, stated that the cryptocurrency market will enter a phase of uninterrupted appreciation as soon as the US Treasury fills its General Account (TGA) up to US$ 850 billion. Cointelegraph
Hereâs what this means:
The TGA account is a government reserve: while it is not fully stocked, part of the money is âtrappedâ outside the private market. Cointelegraph
Recently, this amount exceeded US$ 807 billion â already very close to the target. Cointelegraph
When the goal is reached, Hayes believes there will be a liquidity influx directed towards private assets â like crypto â driving a strong rise. Cointelegraph
đ Some points to consider:
Not everyone agrees: some say that the correlation between government liquidity and crypto prices is weak. Cointelegraph
The Fedâs interest rate cuts should help in this process, by increasing risk appetite â but they also generate volatility.
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