Hayes: Fed Yield Curve Control Fit Push Bitcoin Reach $1M
BitMEX co-founder Arthur Hayes dey predict say Bitcoin fit jump go $1 million if Federal Reserve start to do yield curve control after dem narrow confirm Stephen Miran for Senate. Miran support make dem get “third mandate” to control long-term interest rates show say dem fit intervene for Treasury market directly. Yield curve control no be like normal QE, e dey target specific yields with unlimited bond buying, fit make real rates low and push money come hard assets like Bitcoin. As Hayes make dis forecast, BTC don rise 5.1% last week reach pass $117,000, dey trade just 6% from e all-time high. With Fed rate cut wey dem dey expect and fiscal stimulus wey dey go on, traders suppose watch for more volatility and long-term bullish vibes if dem start to use yield curve control.
Bullish
Hayes forecast say how Fed go buy bond sharply under di yield curve control framework dey very bullish for Bitcoin. For short time, di talk wey dey around Stephen Miran confirm come and hint say dem go do direct intervention for Treasury market fit make market dey volatile well well and make traders dey buy when price drop as dem dey prepare for higher yield for digital asset. For long term, as dem go dey put money dey flow steady steady and real interest rate go dey low under yield curve control, e go make capital flow enter hard-cap asset dem, which go reinforce di bullish story for Bitcoin and help make price climb quick reach $1 million.