Arthur Hayes, co-founder of BitMEX, shared his insights on potential cryptocurrency market shifts, addressing Federal Reserve policies and Bitcoin's potential.
Bitcoin and the $77,000 Support Level
Arthur Hayes suggested that Bitcoin could reach a support level at $77,000 if the Federal Reserve eases its quantitative tightening measures in April. He noted that the market requires a more significant signal to shift into a bullish trend.
Hayes' Stock Market Forecast
Hayes expressed concern over potential further declines in the stock market. He believes Jerome Powell might adjust economic strategies to support the U.S. administration during challenging times.
Regulatory Impact on the Market
Hayes highlighted the need to reinstate the SLR exemption or introduce quantitative easing measures to reduce market uncertainty.
Bitcoin maintaining its $77,000 level could play a crucial role in stabilizing the cryptocurrency sector amid traditional market instability.
