Key Points
- •Arthur Hayes links US fiscal policy to Bitcoin and Zcash growth.
- •BTC and ZEC are expected to benefit from increased liquidity.
- •The market is reacting with heightened trader interest in privacy coins.
Arthur Hayes, co-founder of BitMEX, has stated that U.S. monetary policies could propel Bitcoin and Zcash's value, potentially influencing cryptocurrency market dynamics.
Hayes’ remarks underscore market sensitivity to fiscal policies, potentially affecting investor strategies regarding Bitcoin and Zcash, amid ongoing U.S. economic measures aimed at stimulating financial activity.
Arthur Hayes Sees Liquidity Boosting BTC and ZEC
Arthur Hayes, a prominent figure in the crypto industry, recently addressed the impact of US fiscal measures on the crypto market. He stated through social media that the government's ongoing liquidity injection could drive Bitcoin and Zcash upward.
The anticipated market changes center around increased investor interest in crypto, particularly privacy coins like Zcash. Hayes argues that these assets could see gains similar to those observed in prior periods of fiscal expansion.
"The U.S. government is back to doing what it does best: printing money and distributing benefits. BTC and ZEC are set to rise." — Arthur Hayes, Co-Founder, BitMEX & Maelstrom
Fiscal Policy Trends Linked to Crypto Price Changes
Historically, major fiscal policies like past US stimulus packages have influenced significant growth in cryptocurrency markets, as witnessed in the strong rallies of 2020–2021.
According to the latest CoinMarketCap figures, Bitcoin's price now stands at $106,491.76, with a market capitalization of $2,124,138,138,954, and dominance climbing to 59.23%. The trading volume has surged by 48.81%, reflecting increased attention. These shifts occur amid a 4.55% price rise over the past 24 hours.
Insights from the Coincu research team emphasize how the aligning fiscal landscape might facilitate favorable conditions for crypto innovation and adoption. Such developments could potentially increase confidence amongst investors and incentivize further market engagement.