BitMEX founder Arthur Hayes says reckless money printing is likely already starting a further bullish move for Bitcoin (BTC).
In a new interview with Laura Shin on the podcast Unchained, crypto veteran Laura Shin says that despite the official stance of tight monetary policy and relatively high interest rates, the global banking system is He said he is very tolerant of coins.
He says BTC will likely enter a new bull market, eventually blowing its all-time high sometime before 2027.
“Bitcoin price has started to react positively since the FTX debacle last November.
Bitcoin went from $16,000 to $45,000…and all the while, banks are not supposed to be printing money, but they are printing money. If you look at how much money is actually coming into the banking system, or the interest payments on government debt, that’s very exciting, and that’s what Bitcoin is telling us.
And right now, the tech stocks, I think the great sevens in the United States, these tech stocks are breaking because the right kind of things have liquidity. Therefore, I think 2024 will be a period full of ups and downs, and we will reach the highest point in 2025 and build up toward 2027. That’s how I approach the world now. ”
Hayes, chief investment officer at early-stage investment fund Maelstrom, recently said that the Fed’s suggestion of a rate cut is very bullish for Bitcoin and cryptocurrencies.
“At this point, there is no excuse not to go long in crypto. How many more times do you have to be told that the fiat currency in your pocket is dirty garbage? Trust in the Lord and He will guide you.” Please release me.
BTC = $1 million. ”
At the time of this writing, Bitcoin is trading at $42,131.
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