Get Ready, Bitcoin Prices Are Predicted To Soar Due To US Economic Policy, This Is According To Arthur Hayes!

The price of Bitcoin is predicted to soar by Arthur Hayes. (Photo; Doc. Pexels)

leading crypto investor Arthur Hayes predicts the price of Bitcoin will fly aka to the moon. According to him, one of the triggers for the bitcoin bull run is the US economic policy decision led by Finance Minister Janet Yellen. Hayes highlighted that the upcoming liquidity policy could be a catalyst for rising Bitcoin prices.

According to Hayes, the Federal Reserve's decision to maintain current interest rates may not directly impact Bitcoin and altcoins. However, he stressed that Yellen's role in regulating US economic policies is crucial to follow, especially with a liquidity management plan to be announced on April 29.

Hayes revealed that two key liquidity sources, namely the Balik Purchase Agreement (RRPS) and the Treasury General Account (TGA), can inject liquidity of up to US$1.4 trillion (around Rp. 22.68 trillion) into the economy. This includes a decrease in TGA by US$1 trillion (around Rp. 16.2 trillion) and RRPs by US$400 million (around Rp. 6.48 trillion), which could trigger an increase in the stock market and crypto market.

"If any of these three options happen, we can expect an increase in stocks and, more importantly, accelerate the bullishness of the crypto market again," Hayes said. Fed is irrelevant, Yellen is a strong woman, you should respect her".

On the other hand, the Bitcoin ETF market is experiencing a slowdown that is considered part of the successful post-debut natural cycle of Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas observed that despite a slowdown in the inflow of the iShares Bitcoin Trust (IBIT) from BlackRock, this product still has significant growth potential.

IBIT is now the second largest Bitcoin product by managed assets, left only behind Grayscale Bitcoin Trust (GBTC), which suggests that the Bitcoin ETF market still has room to grow.