Former BitMEX CEO Arthur Hayes suggests that Bitcoin's dip to $77,000 could signal a recovery, linking this to potential shifts in U.S. Federal Reserve policies.
Arthur Hayes' Position
Hayes shared his views on X (formerly Twitter), indicating that U.S. Federal Reserve policy changes could drive BTC's recovery.
Fed Policy Changes and Impact
The U.S. Fed plans to slow its quantitative tightening program from April 1, possibly fostering growth for riskier assets like Bitcoin. This decision may lead to lower interest rates, which could positively impact the cryptocurrency market.
Future Prospects for the Crypto Market
Jeff Jirlin, co-founder of Axie Infinity, also expressed confidence that the end of QT could benefit both the crypto and equity markets.
Despite optimism around potential policy changes, Bitcoin still faces challenges. Currently, Bitcoin is trading at $85,203, marking a 2% increase in the last 24 hours. Easing monetary policies could support its long-term growth.
