Hayes Predicts Bitcoin and ZCash Surge Following Government Shutdown

Arthur Hayes recently shared his views on the X platform regarding the potential impact of the U.S. government shutdown on cryptocurrency markets. According to Odaily, since the U.S. debt ceiling was raised in July, Bitcoin has experienced a 5% decline and liquidity has decreased by 8%. This decline is attributed to the increase in the U.S. Treasury General Account (TGA) funds draining from the system. Hayes predicts that when the government shutdown ends, the TGA will decrease, leading to improved liquidity and a surge in Bitcoin prices. He further expects Zcash to experience even greater gains within this environment.