Arthur Hayes: Bitcoin may rise to $200,000, and the US Treasury policy is the key driving force

Odaily News Arthur Hayes said in a recent interview that Bitcoin could rise to $200,000, and stressed that the main driving force of the current bull market may be the U.S. Treasury's policy, not 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 may create new market momentum.