💧 Arthur Hayes Says Bitcoin Doesn’t Need CLARITY - It Needs Liquidity With so much attention on the CLARITY Act right now, Arthur Hayes is looking somewhere else entirely. The BitMEX co-founder argues that $BTC ’s next major move will depend much more on global liquidity than on U.S. crypto legislation. His focus is on rising U.S. debt, pressure in the Treasury market and what the Federal Reserve may eventually have to do in response. The logic is pretty straightforward: if Treasury-market stress pushes policymakers toward more monetary support, more dollars could enter the financial system. Hayes argues that scarce assets such as Bitcoin could benefit when more fiat competes for a finite supply. That doesn’t make CLARITY irrelevant. Clearer rules could still matter enormously for exchanges, token issuers and institutional crypto infrastructure. Hayes’ point is narrower: Bitcoin itself has operated without this legislation since 2009, so regulation doesn’t necessarily have to be the trigger for another rally. 👀 That gives me two very different signals to watch now: Washington for crypto regulation, and the Treasury/Fed for liquidity. For $BTC specifically, Hayes believes the second may ultimately matter more. Do you agree - will Bitcoin’s next big move be driven more by liquidity than regulatory clarity? Source: ZyCrypto Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#