Arthur Hayes, co-founder of BitMEX, recently emphasized the pivotal role of the U.S. Treasury in shaping global liquidity dynamics and influencing the trajectory of Bitcoin. In a detailed statement reported by CoinDesk, Hayes clarified that contrary to popular belief, the Federal Reserve is not the primary driver of Bitcoin’s future. Instead, he positioned the Treasury as the central authority orchestrating monetary flows that impact digital asset markets. Hayes described Fed Chairman Powell’s role as secondary, highlighting the Treasury’s strategic influence on macroeconomic policies that indirectly affect cryptocurrency valuations. This perspective underscores the importance of monitoring fiscal policy decisions alongside traditional monetary policy when assessing Bitcoin’s market outlook. Investors and analysts should consider the Treasury’s actions as a critical factor in understanding liquidity trends and regulatory frameworks shaping the evolving crypto landscape.