TechFlow news, November 5 — Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom Fund, posted an analysis stating that since the U.S. raised its debt ceiling in July, the accumulation of funds in the Treasury General Account (TGA) has drained significant liquidity from the system, causing Bitcoin to drop by 5% and market liquidity to decline by 8%.
Hayes predicted that once the U.S. government shutdown ends, funds from the TGA will begin flowing out, injecting liquidity into the market and driving up Bitcoin's price. He expressed particular optimism for the privacy coin ZEC, expecting its gains could be even more substantial.
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