Will $850B In The TGA Trigger A Crypto Rally ?
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What if the threshold of 850 billion dollars held by the U.S. Treasury became the new catalyst for the crypto market ? Arthur Hayes, co-founder of BitMEX, estimates that once the U.S. Treasury general account (TGA) is filled at 850 billion dollars, cryptos will enter a continuous upward phase. This position comes as the Fed has just cut its rates, reigniting debates on the impact of U.S. monetary policies on the dynamics of bitcoin and altcoins.
In brief
- Arthur Hayes states that crypto will enter a…
