Arthur Hayes: BTC could rise to $200,000, and U.S. Treasury policy is the key driver

ChainCatcher news, Arthur Hayes stated in a recent interview that Bitcoin could rise to $200,000, emphasizing that the main driver of the current bull market may be the U.S. Treasury's policies rather than the Federal Reserve.

Arthur Hayes analyzes that when the Federal Reserve reduces its purchases of U.S. Treasury bonds, although rising yields lead to tighter market liquidity, the Treasury's debt management and issuance plans could create new market momentum.