TechFlow news, May 8 — According to CoinDesk, Arthur Hayes, co-founder of BitMEX, said that the key institution influencing Bitcoin's future is the U.S. Treasury, not the Federal Reserve.
Hayes pointed out that the U.S. Treasury Secretary, through repo and auction strategies to manage the growing debt burden, is reshaping global liquidity. The core market focus is whether dollar liquidity in the system continues to expand. Additionally, geopolitical factors will also drive Bitcoin prices higher. He predicted that the upcoming trade agreement between the U.S. and China will be more symbolic than substantive.
He disclosed that approximately 60%-65% of his portfolio consists of Bitcoin, with 20% in Ethereum (ETH).
Previous report, Arthur Hayes stated, "BTC price will reach $1 million by 2028; it's time to go long on all assets."
