According to Henri Arslanian’s interview with Arthur Hayes (@CryptoHayes), CIO of Maelstrom Fund, the current Bitcoin bull run may be fueled more by U.S. Treasury policy than Federal Reserve decisions. Hayes argues that increased Treasury spending and liquidity injections are creating favorable conditions for Bitcoin, potentially driving its price toward the $200,000 mark (source: @HenriArslanian Twitter, May 21, 2025). Crypto traders should closely monitor Treasury actions, as these fiscal dynamics could significantly impact short- and mid-term Bitcoin price movements and overall market sentiment.