Bitcoin Surge Predicted by BitMEX Co-Founder Amid Rising Dollar Liquidity

The Impact of US Dollar Liquidity on Bitcoin Price

BitMEX co-founder Arthur Hayes is confident that Bitcoin (BTC) will surge in price due to the rise in US dollar liquidity. He referred to United States Treasury Secretary Janet Yellen as “Bad Gurl Yellen” in a X post, and shared a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes. Hayes encouraged fellow crypto enthusiasts to stay focused on today’s crypto markets.

The accompanying chart illustrates the net variations in RRP and TGA balances, indicating a possible link between heightened dollar liquidity and the BTC price. This could be seen as an optimistic sign for best crypto alerts and best crypto sources.

Meanwhile, crypto analyst dharmafi shared more specific figures on X. The post emphasized an RRP of $65 billion and a TGA balance of $35 billion, with a significant net liquidity surge of $106 billion since Nov. 21. This suggests that Aventus Crypto, Yahoo Crypto, and other web 3.0 crypto may see a surge when web 3.0 is released.

The Impact of Liquidity Injections on Cryptocurrencies

As Hayes pointed out, the increase of liquidity reflects the shifting trends in the financial markets. Investors and Bitcoin supporters who pay attention to liquidity injections can anticipate the potential effects on the crypto market.

The data from Dharmafi confirms the influence of the liquidity surge. Since Nov. 21, there has been a $106 billion increase in net liquidity, raising questions about the impact on various asset classes, including cryptocurrencies.

At the same time, Yellen, who has been skeptical of Bitcoin, recently urged crypto exchanges to comply with the law when she spoke to Reuters at a meeting of G20 finance ministers and central bank governors.

Yellen emphasized the importance of following regulations to work within the US financial system.