{"id":5711,"date":"2025-09-18T17:29:20","date_gmt":"2025-09-18T08:29:20","guid":{"rendered":"https:\/\/www.coinspeaker.com\/kr\/?p=5711"},"modified":"2025-09-18T17:29:20","modified_gmt":"2025-09-18T08:29:20","slug":"hayes-1m-bitcoin-fed-yield-curve","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/kr\/hayes-1m-bitcoin-fed-yield-curve\/","title":{"rendered":"\uc544\uc11c \ud5e4\uc774\uc988\uc758 \ube44\ud2b8\ucf54\uc778 \uc804\ub9dd… \ube44\ud2b8\ucf54\uc778 \uac00\uaca9 14\uc5b5 \ub3c4\ub2ec \uac00\ub2a5\ud558\ub2e4"},"content":{"rendered":"

\ubca0\ud14c\ub791 \uc554\ud638\ud654\ud3d0 \ud22c\uc790\uc790\uc778 \uc544\uc11c \ud5e4\uc774\uc988(Arthur Hayes)\ub294, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \u2018\uc138 \ubc88\uc9f8 \ucc45\ubb34(third mandate)\u2019\ub97c \ucd94\uc9c4\ud558\uba70 \uc218\uc775\ub960 \uace1\uc120 \ud1b5\uc81c(YCC, \uad6d\ucc44 \ub9e4\uc785\u00b7\ub9e4\ub3c4\ub85c \uae08\ub9ac \ubaa9\ud45c\ub97c \uc720\uc9c0\ud558\ub294 \uc815\ucc45)\uc5d0 \ub098\uc124 \uacbd\uc6b0, \ube44\ud2b8\ucf54\uc778(BTC) \uac00\uaca9\uc774 100\ub9cc \ub2ec\ub7ec(\uc57d 13\uc5b5 8,100\ub9cc \uc6d0)\uae4c\uc9c0 \uc624\ub97c \uc218 \uc788\ub2e4\uace0 \uc804\ub9dd\ud588\ub2e4. 9\uc6d4 18\uc77c \ud604\uc7ac \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc740 \uc57d 11\ub9cc 6,386\ub2ec\ub7ec(\uc57d 1\uc5b5 6,073\ub9cc \uc6d0) \uc218\uc900\uc774\ub2e4.<\/p>\n

\ub9cc\uc57d \ud574\ub2f9 \uc815\ucc45\uc774 \uc2dc\ud589\ub41c\ub2e4\uba74 \uc7a5\uae30 \ud1b5\ud654\uc815\ucc45\uc5d0 \ud070 \ubcc0\ud654\ub97c \uac00\uc838\uc640 \ubbf8\uad6d \ub2ec\ub7ec \uac00\uce58\ub97c \uc57d\ud654\uc2dc\ud0ac \uc218 \uc788\uc9c0\ub9cc, \uc554\ud638\ud654\ud3d0\uc5d0\ub294 \uac15\uc138 \uc694\uc778<\/a>\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4.<\/p>\n

\uc65c \uc544\uc11c \ud5e4\uc774\uc988\ub294 \uc5f0\uc900\uc758 \u2018\uc138 \ubc88\uc9f8 \ucc45\ubb34\u2019\uc5d0 \uc8fc\ubaa9\ud558\ub098<\/h2>\n

\ud604\uc7ac \uc5f0\uc900\uc740 \ubb3c\uac00 \uc548\uc815\uacfc \ucd5c\ub300 \uace0\uc6a9\uc774\ub77c\ub294 \u2018\uc774\uc911 \ucc45\ubb34(dual mandate)\u2019\ub97c \uc218\ud589\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uadf8\ub7ec\ub098 \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ubbf8\uad6d \ub300\ud1b5\ub839\uc774 \ucc28\uae30 \uc5f0\uc900 \uc774\uc0ac \ud6c4\ubcf4\ub85c \uc9c0\uba85\ud55c \uc2a4\ud2f0\ube10 \ubbf8\ub780(Stephen Miran)\uc740 \u2018\uc138 \ubc88\uc9f8 \ucc45\ubb34\u2019 \ub3c4\uc785 \uac00\ub2a5\uc131\uc744 \uc5b8\uae09\ud588\ub2e4.<\/p>\n

\uc5f0\uc900\uc758 \ucc3d\ub9bd \ubb38\uc11c\uc5d0 \ud3ec\ud568\ub41c \uc774 \u2018\uc138 \ubc88\uc9f8 \ucc45\ubb34\u2019\ub294 \uc911\uc559\uc740\ud589\uc774 \ucd5c\ub300 \uace0\uc6a9, \ubb3c\uac00 \uc548\uc815, \uc644\ub9cc\ud55c \uc7a5\uae30 \uae08\ub9ac\ub77c\ub294 \uc138 \uac00\uc9c0 \ubaa9\ud45c\ub97c \ucd94\uad6c\ud574\uc57c \ud55c\ub2e4\ub294 \ub0b4\uc6a9\uc744 \ub2f4\uace0 \uc788\ub2e4.<\/p>\n

\ud2b8\ub7fc\ud504 \ud589\uc815\ubd80\ub294 \uc774\ub7ec\ud55c \ubc95\uc801 \uadfc\uac70\ub97c \ubc14\ud0d5\uc73c\ub85c \ucc44\uad8c\uc2dc\uc7a5 \uac1c\uc785\uc744 \uac15\ud654\ud560 \uacc4\ud68d\uc774\ub2e4. \ube14\ub8f8\ubc84\uadf8(Bloomberg) \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74<\/a>, \uc774\ub294 \uc591\uc801\uc644\ud654(QE)\uc640 \uc218\uc775\ub960 \uace1\uc120 \ud1b5\uc81c(YCC) \uac19\uc740 \uc870\uce58\ub97c \ud1b5\ud574 \uc2e4\ud589\ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uacb0\uacfc\uc801\uc73c\ub85c \uc2dc\uc7a5\uc5d0 \uacfc\uc789 \uc720\ub3d9\uc131\uc774 \uacf5\uae09\ub418\uba74\uc11c, \ubbf8\uad6d \uc99d\uc2dc\uc640 \uc554\ud638\ud654\ud3d0 \uac19\uc740 \uc704\ud5d8\uc790\uc0b0\uc5d0 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud560 \uc804\ub9dd\uc774\ub2e4.<\/p>\n

\uc774 \uac19\uc740 \ubc30\uacbd \uc18d\uc5d0\uc11c \uc544\uc11c \ud5e4\uc774\uc988\ub294 \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 100\ub9cc \ub2ec\ub7ec(\uc57d 13\uc5b5 8,100\ub9cc \uc6d0)\uae4c\uc9c0 \uce58\uc19f\uc744 \uc218 \uc788\ub2e4\ub294 \uac15\uc138 \uc804\ub9dd<\/a>\uc744 \ub0b4\ub1a8\ub2e4.<\/p>\n

\n

With Fed board member Miran now confirmed, the MSM is preparing the world for the Fed's "third mandate" which is essentially yield curve control. LFG!<\/p>\n

YCC -> $BTC<\/a> = $1m pic.twitter.com\/jlPQZJ0cHm<\/a><\/p>\n

— Arthur Hayes (@CryptoHayes) September 16, 2025<\/a><\/p><\/blockquote>\n