Arthur Hayes: Bitcoin Faces Pain Before U.S. “Stealth QE” Rescues Markets

TLDR: Arthur Hayes warns Bitcoin faces turbulence as U.S. liquidity tightens before “stealth QE.” Hayes says Treasury cash hoarding is draining markets until government spending resumes. He predicts the Fed’s repo facility will quietly expand liquidity in coming months. “Stealth QE,” Hayes adds, could trigger Bitcoin’s next major bull cycle. Markets are entering another turbulent [...]

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