Arthur Hayes Links Fed’s Yield Curve Control to Bitcoin Surge
- BitMEX co-founder Arthur Hayes claims the US Federal Reserve is moving towards “yield curve control” (YCC) under a “third mandate.”
- Economist Stephen Miran has been confirmed to the Fed’s Board of Governors, potentially influencing this policy shift.
- Hayes suggests YCC could drive Bitcoin prices to $1 million as real yields are suppressed and fiat debasement accelerates.
- The statutory basis for YCC includes promoting “maximum employment, stable prices, and moderate long-term interest rates.”
- At press time, Bitcoin traded at $116,694, approaching the $117,000 mark.
Arthur Hayes argues that the confirmation of Stephen Miran to the Fed’s Board supports a shift toward yield curve control, which could significantly impact Bitcoin’s value. This potential policy change aligns with statutory goals and may influence long-term interest rates.
Hayes believes that acknowledging this path could trigger a substantial increase in Bitcoin’s price due to suppressed real yields and accelerated fiat debasement. (Source)
