Arthur Hayes Says Bitcoin May Stay Weak Until Fed or Banks Expand Balance Sheets
(17 hours ago) · 1 source · Summarized by CryptoBipto
BitMEX co-founder Arthur Hayes has stated that Bitcoin could face continued price weakness until the Federal Reserve or commercial banks expand their balance sheets. Hayes argues that increased liquidity through balance sheet expansion is a key driver for Bitcoin price appreciation.
WHY IT MATTERS
When the Federal Reserve (the central bank of the United States) or commercial banks expand their balance sheets, it means they are effectively putting more money into the financial system.
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SOURCES
- beincrypto.com
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