Bitcoin Poised For Lift-Off As Key Bullish Catalysts Kick In: Ex-CEO

According to former BitMEX CEO Arthur Hayes, battles over the US debt ceiling create clear cash swings that move markets. When the Treasury spends down its main checking account — the Treasury General Account, or TGA — new dollars enter the system and lift risky assets.Later, when the Treasury refills the TGA by selling debt, cash is pulled back out and pressure returns to stocks and crypto, he said.
Hayes points to 2023 as a clear example, when a large pool of funds at the Fed&rsquo