FED Could Trigger Bitcoin (BTC) Rally - Arthur Hayes
In a series of tweets, BitMEX co-founder Arthur Hayes pointed out how FED might reduce assets and liabilities on its balance sheet while also prompting the stock market to rally.
He believes that it’s unlikely for Fed to buy the U.S. Treasury bonds, Instead will be used to send out another round of stimulus checks before the upcoming midterm elections.
Overall, he concludes by saying whether or not the Fed’s gambit is successful will determine if Bitcoin (BTC) rallies or keeps falling.
He believes that banks could buy the Treasuries and then profit off of leverage, which would cause stocks to rise.
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