Cryptocurrency Markets Unfazed by TGA Refilling, Predicts BitMEX Co-Founder

The cryptocurrency and stock markets might be affected by the US Treasury Department refilling the Treasury General Account (TGA) through the issuance of Treasury bonds, drawing US dollar liquidity from the financial markets. However, Arthur Hayes, co-founder and former CEO of the giant cryptocurrency exchange BitMEX, believes the impact isn’t as significant as anticipated and risky assets like Bitcoin (BTC) will soon start to rise. Arthur Hayes Expects a Rally in Bitcoin BitMEX co-founder Arthur Hayes, in a statement on his personal Twitter account today, claimed that the TGA refilling hasn’t affected the risky markets because the net liquidity of the US dollar is $77 billion. Hayes is of the belief that the TGA refill by the US Treasury Department is nothing to worry about. As long as the net US dollar liquidity index continues to remain positive, he plans to continue purchasing cryptocurrency. If the index turns negative, he […] The post Cryptocurrency Markets Unfazed by TGA Refilling, Predicts BitMEX Co-Founder appeared first on COINTURK NEWS.