Former Bitmex CEO Reveals the Right Time for Bitcoin Investment!

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(04:48 PM UTC)
2 min read

Contents

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  • It is stated that crypto currency investments may be logical if the US Treasury continues to borrow.
  • It is stated that the US Treasury borrowing to replenish its account may have a positive impact on Bitcoin.
  • It is stated that crypto currency investments will continue as long as the dollar liquidity remains positive.

Former Bitmex CEO Arthur Hayes Says Crypto Currency Investments May Be Logical If US Treasury Continues to Borrow

Former Bitmex CEO Arthur Hayes stated that the US Treasury has started borrowing to replenish its account after experiencing liquidity shortage and that this situation may have a positive impact on Bitcoin. Hayes claimed that the US Treasury Department will slow down its debt issuance. However, it was stated that the current situation is positive in terms of dollar liquidity and there is no concerning situation in the crypto currency market.

How Does US Treasury Borrowing Affect Bitcoin?

Borrowing by the US Treasury to replenish its account can have a positive impact on Bitcoin. This situation can increase the value of Bitcoin and offer new opportunities to crypto currency investors. Arthur Hayes stated that he will continue crypto currency investments as long as the dollar liquidity remains positive.

Dollar Liquidity and Crypto Currency Investments

It is expected that crypto currency investments will continue as long as the dollar liquidity remains positive. Arthur Hayes reported that the current dollar liquidity is over 77 billion dollars. However, it was stated that crypto investments may slow down or stop if liquidity turns negative. Therefore, crypto currency investors should closely monitor dollar liquidity.

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According to Coingecko data, Bitcoin, which lost 0.1% in the last 30 days, has experienced a 1.3% increase in the last 24 hours and is currently trading at $26,873.

JM

James Mitchell

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