Former Bitmex CEO Arthur Hayes made a statement about what happened in Bitcoin (BTC) and traditional markets after US President Biden’s speech.
In his blog post after US President Joe Biden’s statements dated October 25, Arthur Hayes touched on Bitcoin and traditional markets and explained what the real source of the rise is.
Hayes says long-term news after Biden’s statements US Treasury bonds with 10 and 30 year treasury bonds In parallel with this, indicating that there are aggressive sales Bitcoin and below He commented on the importance of the rises experienced.
The rise of Bitcoin compared to the decline in US Treasury bonds, the market a way of pricing an inflationary future Expressing as: “When everyone becomes aware of the reality Cryptocurrency bull will gradually gain momentum told:
Immediately after Biden’s speech, Bitcoin and gold continue to rise against an aggressive sell-off in long-term US Treasury bonds. This is not a bullish speculation on an approved ETF. This is Bitcoin discounting a future, very inflationary global world war situation. Once everyone realizes the game we are playing, the Bitcoin and crypto bull market will be in full swing.
The world is in geopolitical wars, macroeconomic inflation and the USA is still Attempts to provide billions of dollars in aid to Israel Harshly criticizing Hayes, in such an environment He does not want to buy any country’s bonds. he emphasized.
Hayes stated that it was time to start converting from US Treasury bonds to crypto. Bitcoin, Ethereum (ETH) and your favorite shitcoin Filecoin (FIL) He specifically stated that he would increase:
If this is the new reality, I don’t want to own any country’s bonds. Bad news bears everywhere. Gold and Bitcoin are starting to tell us this. That’s the trigger, and it’s time to start pivoting from short-term US Treasuries to crypto. First stop is always Bitcoin, then Ethereum and finally my beloved shitcoin. (here we mean FIL)