Arthur Hayes: Bitcoin Could Strengthen As Policymakers Choose 'Easy Button' To Avoid Raising Rates
Portfolio Pulse from Khyathi Dalal
Arthur Hayes, co-founder of BitMex, discusses how global economic policies, particularly the 'easy button' approach of avoiding interest rate hikes, could impact the cryptocurrency market. He highlights the potential for increased global liquidity to strengthen Bitcoin if the Bank of Japan engages in unlimited currency swaps with the Federal Reserve.
May 22, 2024 | 6:10 pm
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Arthur Hayes suggests that the 'easy button' approach by global policymakers, particularly the Federal Reserve and the Bank of Japan, could lead to increased global liquidity, potentially strengthening Bitcoin.
Hayes argues that if the BOJ avoids raising rates through currency swaps with the Fed, it could lead to increased global liquidity. This scenario is likely to benefit Bitcoin as an asset class.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100