Cointelegraph••1 min read
Arthur Hayes: Fed's 'RMP' Liquidity Tool Resembles Quantitative Easing
The Arch TakeNeutral
Arthur Hayes, co-founder of BitMEX, argues in his latest Substack essay that the U.S. Federal Reserve's new liquidity program, known as 'RMP,' mirrors the mechanics of quantitative easing. According to Hayes, this type of monetary policy tends to favor Bitcoin and other scarce assets. The essay suggests that the Fed's actions could have implications for the cryptocurrency market, particularly for assets with limited supply.
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