[Arthur Hayes: U.S. Treasury Intervention in Bond Market Could Drive Bitcoin Higher] BitMEX co-founder and Maelstrom CIO Arthur Hayes stated that U.S. Treasury Secretary Scott Bessent might take measures to suppress long-term Treasury yields by expanding Treasury buybacks, increasing the issuance of short-term Treasury bills, and utilizing the Treasury General Account to inject liquidity. Arthur Hayes believes such actions are similar to the 2023 strategy of redirecting funds away from the Federal Reserve's reverse repo facility, which previously boosted risk assets and Bitcoin. Arthur Hayes pointed out that the U.S. 10-year Treasury yield approaching or exceeding 5% would raise financing costs, potentially prompting the Treasury to intervene in the bond market. He predicts that if dollar liquidity continues to expand, Bitcoin and the broader crypto market could benefit, though sharp corrections may still occur during this period.