Bitcoin Price Poised to Rise in 'Hated Rally' as US Moves Towards Yield Curve Control

Bitcoin's price has likely bottomed out near $58,000-$60,000 and is poised to rise in a 'hated rally' as the U.S. moves towards de facto yield curve control, according to Arthur Hayes, co-founder of BitMEX.

The key driver behind this trend is not politics but liquidity, Hayes said on Cointelegraph's 'Trade Secrets' podcast. He pointed out that Treasury Secretary Scott Bessent's long-end Treasury buybacks are a signal that the U.S. is moving towards yield curve control, even if officials don't call it that.

'They call it Treasury buyback […] but at the end of the day, it's money printing,' Hayes noted.