Arthur Hayes argues new Fed liquidity tool “RMP” masks renewed money printing

Arthur Hayes argues in his latest Substack essay that the US Fed's new liquidity program resembles the mechanics of quantitative easing, which may favor Bitcoin and other scarce assets. As the market contemplates how this viewpoint affects investment strategies, there's a growing interest among investors. Hayes notes that liquidity injections for risk assets are changing compared to similar policies in the past, especially in the context of Bitcoin's response. He warns that this new tool might imply effectively unlimited money printing, which could accelerate inflation in the future. This situation presents new investment opportunities for traders but also comes with risks, necessitating caution. Hayes’ insights should be considered as a significant factor influencing future price trends.