BitMEX co-founder Arthur Hayes argues the Federal Reserve's new reserve management purchases (RMP) program, starting with $40 billion in Treasury purchases, is a disguised form of quantitative easing that benefits scarce assets like Bitcoin.
The composition of Bitcoin ownership has structurally shifted, with new large investors, or 'whales,' now accounting for nearly 50% of the network's realized capital.
The AI crypto sector fell 26% this week, making it the worst-performing category and signaling a potential loss of investor confidence in thematic digital assets.
Portfolio
Edgen Crypto·Dec 18 2025, 03:41
