BitMEX co-founder Arthur Hayes believes that a potential rule change for US banks could lead to increased liquidity in the markets and potentially drive the price of Bitcoin to reach $1 million. The rule change, known as the supplementary leverage ratio (SLR), could allow banks to buy U.S. Treasury securities with infinite leverage and facilitate the funding of the growing amount of US government debt issuance. Hayes has previously stated that he believes global central banks increasing the money supply will also contribute to Bitcoin reaching $1 million. Currently, Bitcoin is trading at $96,922, marking a 2.7% increase in the last 24 hours.



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