According to ChainCatcher, BitMEX co-founder Arthur Hayes published a long article, using a satirical novel form to point out that Federal Reserve Chairman Powell is caught in a fiscally dominated "forced compliance" pattern, and a shift to a loose monetary policy is inevitable. He emphasizedizes that the Federal Reserve will be forced to restart quantitative easing (QE) to pay for the massive US fiscal deficit, and the recovery of US dollar liquidity will will drive stronger performance.

He concluded that fiscal dominance means the Federal Reserve will abandon its independence and prioritize ensuring the government can finance at affordable rates, which is the core reason for persistently high inflation. Facing a new round of fund release, Bitcoin will benefit long-term due to its "digital gold" attributes.