Arthur Hayes: 'Major Economies To Print Even More Money' In The Next 24 Months
Portfolio Pulse from Murtuza Merchant
Arthur Hayes, co-founder of BitMEX, predicts a bullish future for cryptocurrencies, driven by expected monetary policies from the Biden administration and other major economies. He believes that the upcoming US presidential election will lead to increased monetary expansion, which historically correlates with crypto rallies. Hayes highlights the role of the U.S. in global financial policy and anticipates both political parties to promise financial incentives funded by national borrowing and monetary expansion.

May 13, 2024 | 3:36 pm
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Arthur Hayes predicts a bullish outlook for Bitcoin, citing upcoming monetary policies and the US presidential election as key drivers. He notes the correlation between the M2 money supply and Bitcoin's price, suggesting potential for new highs.
Hayes' analysis is based on historical correlations between monetary expansion and crypto rallies, particularly Bitcoin. Given his expertise and the specific mention of monetary policies' impact on Bitcoin, there's a strong case for a positive short-term impact on BTCUSD. However, the confidence level accounts for the unpredictability of market reactions to geopolitical events.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90