Arthur Hayes: Becent "Stamp Money" has opened Bitcoin's New Bulls

On 25 August, Arthur Hayes, founder of BitMEX, wrote that United States Treasury Secretary Besent was following the example of his predecessor, Yale, to release dollar liquidity by manipulating the national debt market. After interfering with the Japanese yen exchange rate, Becent announced an additional $20 billion to scale up long-term national debt buy-backs in an attempt to suppress a 10-year yield below 5 per cent, which would once again inject cheap liquidity into the financial system, and Bitcoin, a global liquidity barometer, has been soared. Whether Becent is fast or slow, the BTC will continue to grow. He stated that, while the situation appeared to be one-way higher, it did not mean that there would be no ferocious short-term response and that part-time traders would not use leverage. Maelstrom, its family company, is already at the highest risk, with the main warehouses in BTC, ETH, Ethena and Ether.fi。