Arthur Hayes: U.S. Treasury Secretary Yellen may launch a massive liquidity injection plan to accelerate the return of the crypto bull market
On April 26th, BitMEX co-founder Arthur Hayes posted on social media that with the US Treasury Department expecting tax revenues to increase the Treasury General Account (TGA) by about $200 billion, US Treasury Secretary Janet Yellen is expected to inject a large amount of liquidity into the market when announcing the Q2 2024 bond issuance plan next week.
Hayes proposed three possible options: first, stop issuing bonds and reduce the TGA to zero, which would inject $1 trillion in liquidity into the market; second, transfer more borrowing to short-term Treasury bills, thereby withdrawing $400 billion from overnight reverse repurchase agreements (RRP) and injecting liquidity into the market; third, combine the first two methods, not issue long-term bonds, only issue short-term Treasury bills, while consuming TGA and RRP, which would inject $1.4 trillion in liquidity into the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Senate bill targets emissions from AI and crypto data centers

SEC eyes crypto trading overhaul amid calls for reform

Vitalik Buterin emphasises social philosophy in app layer

NFT trader faces prison for $13 million tax evasion

Trending news
MoreCrypto prices
More








