Bitmex Founder Explains Why Bitcoin Might Rise Even More
BitMEX's Arthur Hayes predicts Bitcoin surge due to liquidity increase; Yellen urges crypto compliance amid market shifts.
Arthur Hayes, BitMEX co-founder, discussed a potential Bitcoin surge on the X platform, referring to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” Hayes predicted that Bitcoin's price might rise due to an increase in dollar liquidity, he referenced a chart showing changes in financial accounts.
Crypto analyst Dharmafi provided detailed data on X, noting a significant liquidity surge of $106 billion since Nov. 21. This increase in liquidity, according to Hayes, could positively impact Bitcoin's price.
The rapid rise in net liquidity raises questions about its effect on cryptocurrencies and other assets. As the financial landscape shifts, investors carefully observe these changes for possible impacts on the market.
Janet Yellen, known for her support for Bitcoin, has urged cryptocurrency exchanges to comply with legal regulations. Following the DOJ's actions against Binance, Yellen spoke deeply about the importance of legal compliance for digital currency firms operating in the U.S. financial system.
