Arthur Hayes, prominent cryptocurrency figure and founder of BitMEX, has underscored the significance of the US Treasury in shaping Bitcoin’s future, arguing that it should be prioritized over Federal Reserve announcements. Hayes highlights the US Treasury’s techniques for managing US debt using repurchase agreements and auctions as key drivers behind global liquidity changes. These maneuvers, according to Hayes, are more impactful than Fed policy pronouncements which he says have often created misleading narratives in markets. His emphasis on the Treasury’s actions resonates with market experts who predict a significant milestone for Bitcoin, potentially exceeding $100,000 in value by year-end. This shift in focus comes as Bitcoin nears this crucial threshold, highlighting its growing influence within the financial landscape.