Former Bitmex CEO Arthur Hayes stated that the economic impasse in the USA will start the bull market in Bitcoin (BTC) at the end of the day.
Arthur Hayes social media dated October 4 in your postthe next Bitcoin bull It is closely related to the economic situation of the USA He suggested that it would happen. Hayes sees US as one of the important signals for the bull market treasury bond returns He pointed out that it was rapidly ballooning.
Ex-CEO, treasury bond yields rising like an avalanche He argued that this situation would result in the USA providing liquidity to the markets again. Hayes said that printing money to prevent a bigger banking crisis Lifeline for Bitcoin and the cryptocurrency market He emphasized that it would happen.
To reduce inflation, especially after the Covid-19 pandemic increasing interest rates and burning dollars These policies of the USA led to serious declines in the markets, especially in risk products.
Hayes rose to save the banks from the chaos they fell into. will sell the bonds and submit the proceeds to the US Internal Revenue Service. (IRS) He said they would have to pay. However, the state The only way to save bond markets is to print money He underlined that it would:
Banks will sell bonds or make fixed payments to the IRS as interest rates rise due to leverage and nonlinear risks in their portfolios. More selling begets more selling, which is not a good thing for bond prices. The faster everyone realizes there is no way out other than printing money to save the government bond markets, the faster we get back to the crypto bull market.