A new post came from BitMEX former CEO Arthur Hayes, who attracted attention with his bold statements and predictions about Bitcoin (BTC) and the cryptocurrency market.
Making another bold prediction for BTC and altcoins, Hayes claimed that the upward trend will continue.
The famous CEO stated that the US economy gives positive signals for BTC and cryptocurrencies.
At this point, Hayes pointed out that the US Treasury General Account (TGA) balance remaining stable and the Reverse Repo (RRP) balance decreasing is a positive sign for BTC and altcoins, and said that almost 200 billion dollars of liquidity has entered cryptocurrencies since the beginning of November.
“Keep your eye on the prize. Almost $200 billion worth of liquidity has been injected into cryptocurrencies since the beginning of November as the RRP balance decreased and the TGA balance remained stable.
“Risk assets like Bitcoin and cryptocurrencies will continue to soar.”
Bitcoin is at $36,100 at the time of writing.
Keep ur eye on the prize. Almost $200bn liquidity injected since the start of Nov as RRP balance falls and TGA balance hasn’t changed. Risk assets like $BTC and #crypto will continue to fly. pic.twitter.com/ofdKBH62OX
— Arthur Hayes (@CryptoHayes) November 15, 2023
*This is not investment advice.
