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Arthur Hayes, co-founder of BitMEX, argues that the US Treasury—not the Federal Reserve—is fueling the current Bitcoin bull market. He advises traders to focus on Treasury actions over Fed rhetoric, dismissing Powell as ‘irrelevant.’
- Hayes claims Treasury liquidity moves (not Fed policy) are the primary driver of Bitcoin's bull run, citing 2022's bill issuance as a catalyst.
- He predicts Bitcoin could hit $1 million by 2028 due to unstoppable US fiscal deficits and 'accelerated money printing' post-2026.
- Hayes' portfolio is 85% crypto (60-65% BTC, 20% ETH), with altcoin rotation contingent on BTC dominance exceeding 70%.
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Other Tags: Altcoins, BitMEX, Ethena, Pendle, Janet Yellen, Powell, Scott Bessent, Etherfi, US Treasury