Bitcoin's Potential Surge to $200,000 Driven by U.S. Treasury Policies

According to Odaily, Arthur Hayes recently stated in an interview that Bitcoin could rise to $200,000, highlighting that the primary driver of the current bull market might be the policies of the U.S. Treasury rather than the Federal Reserve. Hayes analyzed that while the Federal Reserve's reduction in purchasing U.S. Treasury bonds leads to higher yields and tighter market liquidity, the Treasury's debt management and issuance plans could create new market dynamics.