The Milk Road Show

Crypto Is About to Go Parabolic + Bitcoin ATH w/ Arthur Hayes

52 snips
May 22, 2025
Guest
Arthur Hayes
Arthur Hayes, co-founder of BitMEX and crypto market expert, joins the conversation to discuss the shifting dynamics in the cryptocurrency space. He argues that the crypto bull market may have already begun, pinpointing April 9th as a critical turning point. Hayes highlights how Treasury buybacks act as quasi-quantitative easing, potentially pushing Bitcoin to $200K before summer. He also delves into the implications of tariffs and taxation on foreign investment, assessing their broader impact on the market and Bitcoin's potential for explosive growth.
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INSIGHT

April 9th Market Pivot Signal

  • April 9th marked a pivotal market pivot where volatility and liquidity signals indicated a risk-on environment.
  • Bitcoin and stocks rallied strongly after this date, signaling a new bullish market phase.
INSIGHT

Yellen's Reverse Repo Impact

  • Treasury Secretary Janet Yellen used a reverse repo program to recycle $2.5 trillion of liquidity into the market.
  • This fiscal tool was more impactful on liquidity than Fed's rate hikes during 2022 inflation fight.
INSIGHT

Treasury Buybacks Explained

  • Treasury buybacks swap old bonds for new ones to maintain market liquidity without printing money.
  • This keeps hedge funds leveraged enough to buy new government debt at desired rates.
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