• BitMEX exchange founder Arthur Hayes predicts that the Federal Reserve’s rate hike will catalyze a Bitcoin bull run.
• According to Hayes, wealthy asset holders who receive interest payments from the Fed will likely buy risk assets with their new money.
• He believes that fireworks and a real Bitcoin bull market will begin in the late third/early fourth quarter of this year.
BitMEX Founder Predicts Bitcoin Bull Market Ahead
BitMEX exchange founder Arthur Hayes is predicting a bullish path for Bitcoin (BTC) amidst the current crypto market activity. Hayes believes that the Federal Reserve’s rate hike will catalyze a Bitcoin bull run and increase liquidity in the system.
Wealthy Asset Holders to Purchase Risk Assets
Hayes states that wealthy asset holders receiving interest payments from the Fed are likely to purchase risk assets such as gold, Bitcoin, AI tech stocks, etc. with their newly acquired funds. He expects this process to begin in late third/early fourth quarter of this year.
Reduced Crypto Market Activity
The BitMEX founder notes that American summer months tend to “always disappoint” when it comes to reduced crypto market activity but that he still expects Bitcoin to hold firm during these periods.
Money Printer Going Brrrr
As more pundits start talking about what is happening with billions of dollars printed by the Fed and US Treasury and handed out as interest, it will become common knowledge once again that “the money printer is going brrrr” according to Hayes – bringing with it an expected boom for Bitcoin prices.
Conclusion
In conclusion, Arthur Hayes predicts that we can expect a bullish path for Bitcoin amid current crypto market activity and ultimately an eventual boom due to money being printed by government entities being used by wealthy asset holders to purchase risk assets such as Gold, BTC, etc..