Crypto Bull Run Incoming? Arthur Hayes Hints $4.4 Trillion QE By Fed

Read full article at Coingape.

Crypto News: Arthur Hayes, co-founder of BitMEX crypto exchange, seems to be bullish for the digital asset market, specifically Bitcoin (BTC), amid the ongoing global bank crisis. Targeting Bank Term Funding Program (BTFP) report, he stated the Federal Reserve Board conducted a $4.4 trillion quantitative easing while helping the banks.

Bitcoin To Reach $1 Mln in Crypto Bull Run?

BitMEX Co founder in a tweet stated that BTFP is Yield Control by another name. He mentioned the traders to get ready for infinite money printing and Bitcoin price reaching $1 million.

In his Blog “Kaiseki”, Hayes addressed the U.S. Authority’s recent decision to print more cash to prevent the crisis. He highlighted that US regional banks haven’t been so deposit rich and now with this much cash they will use them to give loans.

However, he mentioned that the Fed and US Treasury did very well and did not let a good crisis go to waste. Meanwhile, they got a chance to blame mismanaged crypto and tech focused banks as the reason they had to step into something. Read More Crypto News Here…

Also Read: SVB Financial Group Files For Chapter 11 Bankruptcy; Bitcoin Spikes By 8%

This new move has allowed the financial instruments which were eligible to be used as collateral under the program to be majorly limited to US Treasury debt and Mortgage backed Securities. However, by impling a cutoff date, the Fed has limited the scope of the program to the total size of UST and MBS held by US banks which is estimated to be around $4.4 trillion.

The post Crypto Bull Run Incoming? Arthur Hayes Hints $4.4 Trillion QE By Fed appeared first on CoinGape.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Related articles

dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash

Read full article at News. Cryptocurrency derivatives trading platform dYdX said it blocked some users’ accounts with funds linked to Tornado Cash, including mistakenly suspending some that never directly engaged with the controversial mixer. In a Wednesday blog post, dYdX said it had “unbanned certain accounts” that the derivatives platform had blocked in response […]

Learn More

European Central Bank’s president calls for greater regulation of bitcoin.

Read full article at Coinnounce.According to the Reuters report, the European Central Bank president Christine Lagarde has called for greater regulation of bitcoin and other cryptocurrencies. She linked the use of cryptocurrencies with global criminality and money laundering. ECB chief Lagarde said the digital currency was increasingly being used by criminals worldwide to cover their […]

Learn More

Solana Breakpoint 2022: Fun and Games in Lisbon as Winter Abides

Read full article at Crypto Briefing Blog.Solana has faced many challenges this year, but Breakpoints Games Day showed that the Solana GameFi ecosystem has huge potential. Solanas Rocky Year If last years Breakpoint conference was an… ShareTweetFollow usSaveThis article is strictly for informational purposes only. It is not a direct offer or solicitation of an […]

Learn More