Could Bitcoin Reach $200,000? Arthur Hayes Suggests U.S. Treasury Policies Drive Market Surge

Arthur Hayes, prominent crypto strategist, believes Bitcoin’s price could surge to $200,000. He suggests the driving force behind this bull market isn’t solely the Federal Reserve but rather the U.S. Treasury’s actions regarding its debt management and issuance plans. Notably, Hayes points out that while the Fed’s reduction of U.S. Treasury bond purchases leads to higher yields and tighter market liquidity, the Treasury’s policy decisions could introduce significant new dynamics for the market.