Summary
- BitMEX co-founder Arthur Hayes forecasted that the end of the U.S. government shutdown would resume the Bitcoin rally.
- Hayes said that after the July increase in the U.S. debt ceiling, accumulation in the U.S. Treasury General Account (TGA) has caused declines in Bitcoin and market liquidity.
- He said that after the shutdown ends, with TGA decreasing and dollar liquidity increasing, a Bitcoin rebound is expected, and Zcash (ZEC) may also see additional gains.
BitMEX co-founder Arthur Hayes (Arthur Hayes) said that if the U.S. government shutdown ends, Bitcoin (BTC)'s rally will resume.
On the 5th (KST), Hayes said on X (formerly Twitter), "Since the July increase in the U.S. debt ceiling, accumulation in the U.S. Treasury General Account (TGA·Treasury General Account) has absorbed liquidity, and Bitcoin and market liquidity have fallen by 5% and 8% respectively," adding, "When the shutdown ends, the TGA will decrease and dollar liquidity will increase again, causing Bitcoin to rebound."
Hayes also said that Zcash (ZEC) could additionally rise alongside Bitcoin.
Uk Jin
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