Arthur Hayes: Following the US Treasury’s TGA account reaching 850 billion USD, the crypto market will shift to a growth-only state

Arthur Hayes believes that the crypto market will experience a growth-only mode when the U.S. Treasury’s TGA reaches 850 billion USD, indicating a significant shift toward growth in the digital assets sphere.

The U.S. Treasury’s balance is currently over 807 billion USD, suggesting a potential end to the liquidity crunch affecting various markets, including cryptocurrencies.

Despite Hayes’ optimism, critics like André Dragosch argue that the connection between liquidity levels and cryptocurrency value remains weak, disputing the bullish outlook on market movement.