TechFlow news, September 21 — According to Cointelegraph, Arthur Hayes, co-founder of BitMEX, said that once the U.S. Treasury achieves its target of injecting $850 billion into the TGA (Treasury General Account), the crypto market will enter a "one-way up" mode. As the initial balance of the U.S. TGA surpassed $807 billion, Hayes wrote: "With the end of liquidity drain, the 'one-way up' trend will reappear." When the Treasury fills its general account, funds are typically sequestered and do not flow into private markets. However, not all analysts believe Hayes' prediction that liquidity will flow into financial markets once the U.S. Treasury reaches its target. André Dragosch, Head of European Research at investment firm Bitwise, responded: "Net liquidity has, at best, a loose correlation with Bitcoin and cryptocurrencies. In my view, this is simply pointless."
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