Bitcoin News
By Maheen Hernandez
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The Standing Repo Facility: “Stealth QE” in Action. According to Hayes, the Federal Reserve’s Standing Repo Facility (SRF) plays a central role in…
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Bitcoin Poised to Benefit from Rising Money Supply. Hayes maintains that Bitcoin historically performs best during periods of aggressive monetary…
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Hayes Sees Bitcoin Hitting $1 Million Long-Term. Despite near-term market volatility, Hayes remains highly bullish on Bitcoin’s long-term trajectory.
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A “Liquidity Flood” Setting the Stage for the Next Crypto Bull Cycle. Hayes concluded that the Federal Reserve’s quiet monetary expansion—even under the guise of…
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BitMEX co-founder Arthur Hayes believes the next major Bitcoin rally is already set in motion, fueled by a wave of monetary expansion in the United States.
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Hayes pointed to the rapid growth of the U.S. Treasury’s outstanding debt, which has been rising toward $2 trillion annually.
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He explained that when liquidity conditions tighten, the SRF effectively acts as a hidden form of quantitative easing (QE) — what he calls “stealth QE.
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“If the Fed’s balance sheet grows, that is dollar liquidity positive, and ultimately pumps the price of Bitcoin and other cryptos,” Hayes wrote.
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This liquidity expansion increases the supply of dollars in circulation, weakening real yields and creating an environment in which scarce digital assets like Bitcoin thrive.
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Hayes maintains that Bitcoin historically performs best during periods of aggressive monetary easing, when investors seek alternatives to fiat currencies losing purchasing power.
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He further noted that current market weakness represents only a temporary liquidity drain, linked to Treasury funding pressures.
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“This phenomenon will reignite the Bitcoin bull market,” Hayes emphasized, projecting that increased SRF balances will act as the spark for renewed momentum across digital assets.
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In his view, the macroeconomic landscape mirrors previous periods of monetary easing that preceded major Bitcoin rallies — particularly during the post-pandemic era of 2020–2021,…
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“Every time the Fed expands its balance sheet, Bitcoin eventually responds,” Hayes explained, framing the current environment as a repeat of those bullish liquidity cycles.
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Hayes concluded that the Federal Reserve’s quiet monetary expansion—even under the guise of technical lending facilities—has already laid the groundwork for Bitcoin’s next surge.
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