Arthur Hayes sees $ 1 million Bitcoin confirmed with the Fed -nominated of Trump

The razor-thin confirmation of the US Senate of Stephen Miran to the Federal Reserve Board has led a lot of speculation to the financial markets, whereby co-founder of Bitmex Arthur Hayes bases a huge bitcoin (BTC) forecast on development.

According to him, the presence of Miran could catalyze a radically new FED policy that could ultimately continue the value of BTC to seven digits.

A new direction for the Fed?

Miran what confirmed On the Federal Reserve Board with a narrow 48-47 mood on September 16. Parts of the crypto community immediately celebrated the move, with some people that the economist had said good things about Bitcoin in the past. In a message from 2023 that commentators spoke, Miran written”Bitcoin fixes this”, suggesting that the cryptocurrency could solve problems with the traditional financial system.

Because of this history there are people who believe that he could open the central bank more to digital assets. What is more important, Miran recently discussed the legal responsibility of the FED to pursue ‘moderate long -term interest rate rates’, a concept that is framed by some media as a potential ‘third mandate’ in addition to price stability and maximum employment.

As reported by Bloomberg on September 16, this has this forced Bond traders to reconsider set market rules, whereby some analysts consider it a step towards direct intervention in the bond market to control the yields.

Hayes’ Macro thesis and market performance

Hayes has held this political change and said that it could lead to aggressive monetary expansion. In a recent message about X, also the Crypto entrepreneur assertions That the recognition of the third mandate is in fact a type of yield curve control, that is when a central bank determines a specific return for government bonds.

“Now confirmed with Fed Board Miran, the MSM prepares the world for the ‘third mandate’ of the Fed, which essentially produces curve control,” Hayes claimed.

He added that this policy could push Bitcoin up to a million dollars, saying:

“YCC -> $ btc = $ 1m.”

This fits in with his bigger view of the economy, which he spoke to in a recent interview with influencer Kyle Chassé. In that sit-down he stated that rigid four-year-old crypto-cycles no longer applied. Instead, the Maelstrom CIO claimed that constant tax stimulans and money prints of global central banks, powered by political needs, will create a tidal wave of liquidity that benefits hard assets such as Bitcoin.

He explained his optimistic outlook, even when Prime Minister Cryptocurrency himself demonstrated remarkable strength. At the time of writing, BTC had won a solid 5.1% in the last seven days and pushed the past $ 117,000. Moreover, it has increased 5.9% in the last two weeks, although the monthly profit remains modest with 1.7%. It is only 5.6% below the all times of $ 124,457 set on August 14.

Whether the presence of Miran at the FED accelerates the Bitcoin process remains uncertain. The convergence of the American tax expansion, imminent speed reductions, in which the CME Fedwatch assigns a probability of 96% of a 25-basis point reduction and the growing institutional appetite for the OG Cryptocurrency, suggests that the Macro-Terdrop could give the dendant.