Arthur Hayes: rising rates and money supply together will lift financial assets
- —Hayes: rising rates or money supply lead to gains in financial assets
- —With high government debt, interest payments feed system liquidity
- —The Fed halted RMP in mid-August, but Fed and bank balance sheets are growing
Why it matters: It is an argument that a rate hike need not crash bitcoin — liquidity dynamics matter, not just the rate level.
Source: TokenPost