Arthur Hayes, co-founder of BitMEX, has encouraged Bitcoin enthusiasts to stay focused on the cryptocurrency’s potential, pointing to a significant increase in U.S. dollar liquidity. Hayes shared a chart showing changes in reverse repurchase agreement (RRP) and treasury general account (TGA) balances, suggesting a correlation between dollar liquidity and the price of Bitcoin. Crypto analyst dharmafi provided more specific figures, indicating a net liquidity surge of $106 billion since November 21. This rise in liquidity has raised questions about its potential impact on various asset classes, including cryptocurrencies. Meanwhile, U.S. Treasury Secretary Janet Yellen has emphasized the importance of compliance in the digital currency industry, urging cryptocurrency exchanges to operate within the regulations of the U.S. financial system.
