News Formal

Bitcoin bull market may return after $1.4T US liquidity spike — Prediction

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Bitcoin and crypto bull market assistance may come from U.S. government liquidity decisions beginning next week, says Arthur Hayes.

) could see a “re-acceleration” of its bull market thanks to new United States economic shifts.Hayes on crypto bull market:"Forget about the Fed"

For Hayes, however, the Fed is no longer the U.S. yardstick worth watching — instead, it is Treasury Secretary Janet Yellen. On the radar are two key liquidity sources: the Treasury General Account and so-called Reverse Purchase Agreements . Draining either the TGA or money from the pool of RRPs allows for money to reenter the economy — a key stimulus for risk-asset performance, and specifically crypto upside.U.S. dollar printing to only accelerateA $1 trillion TGA drain, $400 million in RRPs or a combination of both is on the table, potentially totaling a $1.4 trillion liquidity injection.“If any of these three options happen, expect a rally in stonks and most importantly a re-acceleration of the crypto bull market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Prediction Market Primitive: Using AIs to Create Prediction Markets at Microscopic ScaleAn AI quartet of content creators, event recommenders, liquidity allocators and information aggregators will bring prediction markets to new heights.
Source: hackernoon - 🏆 532. / 51 Read more »