When will US banks be able to change the additional leverage ratio (SLR), which regulates the volume of assets, liquidity in the markets will increase, which will significantly accelerate the growth of Bitcoin, explained Arthur Hayes.
“American banks are lobbying for relaxations regarding the SLR ratio. This topic became one of the top news stories on Bloomberg. Banks will be able to purchase US government bonds using unlimited leverage, making it easier to finance growing government debt. This is another benchmark indicating that the price of Bitcoin can reach $1 million,” the businessman suggested.
Temporary adjustments to the rules SLR
introduced during the COVID-19 pandemic to reduce tensions in the Treasury bond market and increase the ability of banking institutions to provide loans to households and companies, recalled the former CEO of BitMEX.
Earlier, Arthur Hayes said that Bitcoin will definitely reach $1 million thanks to a “global increase in the money supply.”
Source: Bits
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