According to the analysis of former Bitmex CEO Arthur Hayes, it would make sense to continue investing in cryptocurrencies as long as borrowing by the US Treasury continues.
Arthur Hayes 20 June Posted on his official social media account on in sharing, of the US Treasury by borrowing after the liquidity shortage to refill his account (TGA) and that the studies carried out on the dollar are large-scale not have a negative effect stated. If this situation It can affect Bitcoin positively. expressed.
of TGA 450 billion dollar reserve level upon reaching then the U.S. Treasury Department’s debt issuance will slow down The former CEO, who claimed will worry Something that you don’t see and dollar liquidity is currently 77 billion your dollar watching over reported.
Hayes, dollar liquidity to stay positive as long as it continues to the portfolio add cryptocurrency investment will continue when specifying liquidity turned negative crypto investments in scenario will slow down or will stop expressed.
According to Coinecko data, the latest 30 days in 0.1% depreciating bitcoin, end 24 hours in 1.3% as of writing by experiencing the rise 26,873 traded at the dollar level.
