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Good morning everyone! Market analysis! Thank you all for your support!
On September 21, Bit co-founder Arthur Hayes stated that once the U.S. Treasury achieves its goal of injecting $850 billion into the TGA( general account), the crypto market will enter a "only rise, no fall" mode.
Hayes wrote at a time when the U.S. TGA's initial balance broke $807 billion: "As the end of liquidity depletion approaches, the 'only rise, no fall' trend will reappear."
When the Treasury fills its general account, the funds are typically isolated and do not flow into the private market. However, not all analysts believe Hayes' prediction that once the U.S. Treasury reaches its goal, liquidity will flow into the financial markets.
Andrรฉ Dragosch, head of European research at investment firm Bit, responded: "However, the correlation between net liquidity and Bitcoin and crypto assets is at best loose. In my view, this is basically futile."