BitMEX co-founder Arthur Hayes recently shared his vision of the current market situation, discussing both the macroeconomic situation and the state of the cryptocurrency market.
Arthur Hayes's Predictions
In his latest article, Hayes discussed interest rate cuts and their impact on the future markets. He examined the relationship between the Japanese Yen and the dollar in the context of interest rate cuts, seeing a risk of turbulence. This could push central banks to expand their reserves, leading to increased market liquidity.
When Will Crypto Rise?
In his August 12 assessment, Hayes outlined a clear roadmap. Many analysts have been saying this for months. Bitcoin has been stuck in a narrow range, and according to him, we won’t see an altcoin bull season until BTC sustains above 70,000 dollars and ETH above 4,000 dollars.
Historical Data and Market Future
Historical data does not promise good returns for the third quarters. September is also unlikely to be very exciting, but as we approach the end of the month, the motivation brought by optimism for the last quarter could start an impressive rise phase. According to Hayes, with a net issuance of 301 billion dollars in T-bonds by the end of the year, BTC will strengthen again with the next target being 100,000 dollars.
Arthur Hayes's comments reflect current market sentiments and potential scenarios for the cryptocurrency market. His predictions and analysis can be useful for those following the development of cryptocurrencies and their impact on the economy.
Comments