According to Arthur Hayes, Maelstrom’s chief investment officer, billions of dollars could flow into the cryptocurrency market with ETFs.
Hayes, one of the famous names in the cryptocurrency community, said in his blog post: “For the first time in a very long time, there will be a predictable, long-term arbitrage opportunity in Bitcoin markets.” he commented.
“My hope is that billions of dollars will be collected hourly on exchanges that are less liquid than their major rivals in the East and follow their price.” said Hayes, adding that this good arbitrage opportunities She thinks she will give birth.
Hayes expects ETFs in Hong Kong to diversify after the USA. “No matter what happens in New York or Hong Kong, neither city will allow fund managers to buy and sell Bitcoin at the best prices, they will only be able to trade on ‘selected’ exchanges. In these unnatural conditions, the market more inefficiency “It will happen, and we, as arbitrageurs, can profit from it.” said.
Bitcoin this year you can break the record Thinking, Hayes expressed his views on 2024 as follows:
“Remember that the financialization of an asset by traditional finance leads to an increase in the value of that asset in fiat terms, at least in the initial stages. The addition of Bitcoin’s financial features to Pax Americana and subsequently to China’s markets will yield the same result in the medium term. “The bull market is just getting started.”