By Wayne Jones Bitcoin (BTC) has entered a new bull market, according to Arthur Hayes, who argues that US Treasury Secretary Scott Bessent is preparing to create more dollar liquidity through Treasury market operations. The thesis rests on a familiar argument of his: when policymakers inject liquidity to keep Treasury yields under control, Bitcoin and […]
Tag: OG
By Wayne Jones Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days. The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green. The […]
By Wayne Jones Bitcoin (BTC) spent this past week ripping from the low $60,000s to just under $80,000, and to trader Nonzee, none of it looks like conviction. They are calling the move a trap built on forced buying rather than real demand, and say the next leg is down, not up. The Case for […]