Arthur Hayes: Bitcoin 'Trend Is Clear, Central Banks Are Starting Easing Cycles'
Portfolio Pulse from Khyathi Dalal
Arthur Hayes, co-founder of BitMEX, suggests that central banks' easing cycles will catalyze a crypto bull market. He recommends going long on Bitcoin and altcoins, noting that the June rate cuts by the BOC and ECB will jolt the crypto market out of its summer doldrums.
June 10, 2024 | 5:32 pm
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Arthur Hayes recommends going long on Bitcoin, citing central banks' easing cycles as a catalyst for a crypto bull market.
Hayes believes that the easing cycles by central banks will rejuvenate the crypto market, making it an opportune time to invest in Bitcoin.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100