{"id":14210,"date":"2023-11-25T15:04:09","date_gmt":"2023-11-25T15:04:09","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14210"},"modified":"2023-11-25T15:04:10","modified_gmt":"2023-11-25T15:04:10","slug":"bitmex-co-founder-predicts-bitcoin-surge-amid-dollar-liquidity-rise","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14210","title":{"rendered":"BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on X Alongside a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes, Hayes referred to United States Treasury Secretary Janet Yellen as \u201cBad Gurl Yellen.\u201d<\/p>\n<p>In the X post,\u00a0Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in U.S. dollar liquidity. He suggested BTC will likely mirror the rise in dollar liquidity, leading to an increase in its price.<\/p>\n<p>The accompanying chart illustrates the net variations in RRP and TGA balances, indicating a possible link between heightened dollar liquidity and the BTC price.<\/p>\n<p lang=\"en\" dir=\"ltr\">Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don\u2019t get distracted, $ liquidity is increasing and $BTC will go up as well. This is the chart of net RRP and TGA balance changes. pic.twitter.com\/l2US0FzlAX<\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) November 25, 2023<\/p>\n<p>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.<\/p>\n<p>As highlighted by Hayes, the rise in liquidity shows the changing dynamics in financial markets. Investors and Bitcoin enthusiasts observing liquidity injections can anticipate potential effects on the cryptocurrency market.<\/p>\n<p>While the BitMEX co-founder highlighted the connection between dollar liquidity and the Bitcoin price, dharmafi\u2019s data reinforces the impact of the liquidity surge. The $106 billion rise in net liquidity since Nov. 21 has raised questions about potential effects on diverse asset classes, including cryptocurrencies.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>CoinFLEX creditors dissatisfied with restructuring to OPNX: Report<\/em><\/strong><strong><em> <\/em><\/strong><\/p>\n<p>Meanwhile, Yellen, a skeptic of Bitcoin, recently cautioned cryptocurrency exchanges to abide by the law\u00a0when speaking with Reuters at a meeting of G20 finance ministers and central bank governors.<\/p>\n<p>Yellen stressed the significance of compliance in the digital currency industry, underscoring the need to follow regulations to operate within the U.S. financial system.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Big Questions: What\u2019s with all the crypto deaths? <\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitmex-co-founder-predicts-bitcoin-surge-amid-dollar-liquidity-rise\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on X Alongside a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes, Hayes referred to United States Treasury Secretary Janet Yellen as \u201cBad Gurl Yellen.\u201d In the X post,\u00a0Hayes encouraged fellow Bitcoin enthusiasts to stay focused, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-14210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14210"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14210\/revisions"}],"predecessor-version":[{"id":14212,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14210\/revisions\/14212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14211"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}