Arthur Hayes: U.S. Treasury's liquidity injection to ignite crypto bull run in 2025

Arthur Hayes, co-founder of BitMEX Exchange, explained in a Medium post that the U.S. Treasury could inject between $301 billion and $1.05 trillion into the market by year-end. He argues that this influx of capital will aid Bitcoin's recovery from its recent downturn caused by the strengthening Japanese yen. Hayes predicts that Bitcoin will not only rebound but will surge to $100,000, catalyzing a bull market across various risk assets, aligned with the timing of the November U.S. elections. He also suggests that collaborative efforts between Treasury Secretary Janet Yellen and Fed Chair Jerome Powell might encourage China to launch significant fiscal stimulus. According to Hayes, this could potentially ignite a major bull market in cryptocurrencies between the U.S. and China by 2025.