BitMEX co-founder Arthur Hayes is bullish on bitcoin (btc). Hayes shared his thoughts on , Janet Yellen, as “Bad Gurl Yellen.”
in the x mail, Hayes encouraged his fellow bitcoin enthusiasts to stay focused, highlighting a significant increase in US dollar liquidity. He suggested that btc will likely reflect increased dollar liquidity, causing its price to rise.
The accompanying chart illustrates the net changes in RRP and TGA balances, indicating a possible link between increased dollar liquidity and the btc price.
Stand up and watch as Bad Gurl Yellen is busy pumping financial assets. Don’t get distracted, dollar liquidity is increasing and $btc will go up too. This is the graph of net changes in the balance of PVP and TGA. pic.twitter.com/l2US0FzlAX
—Arthur Hayes (@CryptoHayes) November 25, 2023
Meanwhile, cryptanalyst dharmafi shared more specific figures on
As Hayes highlighted, the increase in liquidity shows the changing dynamics in financial markets. bitcoin investors and enthusiasts watching the liquidity injections can anticipate the potential effects on the cryptocurrency market.
While the BitMEX co-founder highlighted the connection between dollar liquidity and the price of bitcoin, Dharmafi’s data reinforces the impact of increased liquidity. The $106 billion increase in net liquidity since Nov. 21 has raised questions about the potential effects on various asset classes, including cryptocurrencies.
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Meanwhile, Yellen, a bitcoin skeptic, recently warned cryptocurrency exchanges to respect the law when speaking to Reuters at a meeting of G20 finance ministers and central bank governors.
Yellen highlighted the importance of compliance in the digital currency industry, underscoring the need to follow regulations to operate within the US financial system.
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