Arthur Hayes: Bitcoin may rise to $200000, US Treasury policy is key driving force

Odaily Planet Daily News: Arthur Hayes stated in a recent interview that Bitcoin may rise to $200000 and emphasized that the main driving force behind the current bull market may be the policies of the US Treasury Department, rather than the Federal Reserve. Arthur Hayes believes that when the Federal Reserve reduces its purchase of US treasury bond bonds, although the rising yield leads to tighter market liquidity, the debt management and issuance plan of the Ministry of Finance may create new market momentum.