Arthur Hayes: BTC Could Rise to $200,000, U.S. Treasury Policy is a Key Driver

ChainCatcher reports that in a recent interview, Arthur Hayes stated that Bitcoin could rise to $200,000, emphasizing that the main driver of the current bull market might be the policies of the U.S. Treasury rather than the Federal Reserve.

Arthur Hayes analyzed that when the Federal Reserve reduces its purchase of U.S. Treasury bonds, although rising yields lead to tighter market liquidity, the Treasury's debt management and issuance plans could create new market momentum.