Arthur Hayes Calls Bottom on Bitcoin, Says BTC Ready To Rally in Anticipation of Money Printer – Here’s His Target
The founder of Bitmex, Arthur Hayes, says that the background is for Bitcoin (BTC), and that more rallies are on the way due to several macro catalysts.
In a new essay published on its substitution, Hayes said President Trump has essentially already fell into his pricing war after probably gone too far in advance.
According to Hayes, the pivot of the White House probably means that the worst of the uncertainty of the market has already passed and that the bottom of the BTC was already printed in early April below the level of $ 75,000.
The director of chief investment of Maelstrom said that BTC will probably take a strong offer in anticipation of the federal reserve injecting new liquidity to stabilize the bond markets.
“Yes … I call the local background at $ 74,500.
Whether you deceased Trump's policy change as a retirement or a wise negotiation tactic, the result is that the administration deliberately caused an avalanche in the financial market, and it was so serious that they had adjusted their policies a week later. Now, as a market, we know a few things. We understand what happens to the volatility of the bond market in the worst case, we recognize the volatility levels that trigger a change in behavior, and we are aware of the monetary levers which will be fired to mitigate the situation.
By using this information, we, as Bitcoin Hodlers and Crypto Degen, we know that the bottom is because the next time that Trump increases the rhetoric pricing or refuses to reduce prices on China, Bitcoin will gather in anticipation of the monetary mandarins performing the monetary print press at the maximum levels links market.
Hayes predicts that BTC culminates somewhere below the level of $ 200,000, where a rotation more distant from the risk curve on cryptographic assets could occur.
“And Shitcoins?”
Once Bitcoin has broken $ 110,000, the first level of all time, it will probably increase, further increasing domination. Maybe just $ 200,000 is missing. Then the rotation begins with bitcoin in the shitcoins. »»
At the time of writing, Bitcoin is negotiated at $ 93,667, up 10.7% last week.
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