[Arthur Hayes: If the U.S. Treasury's TGA account reaches $850 billion, the crypto market will enter a 'only up, no down' mode] Odaily Planet Daily reported that BitMEX co-founder Arthur Hayes stated that once the U.S. Treasury achieves its goal of injecting $850 billion into the TGA (Treasury General Account), the crypto market will enter a 'only up, no down' mode. Hayes wrote, as the initial balance of the U.S. TGA surpassed $807 billion: 'With the end of liquidity exhaustion, the 'only up, no down' trend will reappear.' When the Treasury replenishes its general account, funds are typically isolated and do not flow into private markets. However, not all analysts agree with Hayes' prediction that liquidity will flow into financial markets once the U.S. Treasury reaches its target. André Dragosch, Head of European Research at investment firm Bitwise, responded: 'However, the correlation between net liquidity and Bitcoin or cryptocurrencies is at best tenuous. In my view, this is completely pointless.' (Cointelegraph)