BitMEX co-founder Arthur Hayes recently shared his latest comprehensive assessment of the markets. Here he discusses the current situation on both the macroeconomic front and crypto-specific. It is known that investors are attracted to Hayes’ comments because of the broad perspective he offers. So what did Arthur say?
Arthur Hayes Crypto Predictions
In his latest article Hayes interest rate cuts and addressed issues regarding the future of the markets. The person who addressed the relationship between the Japanese Yen and the dollar in terms of interest rate cuts sees a risk of turbulence here. This situation may push central banks to expand their reserves. Balance sheet expansion means more liquidity for the markets future. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Hayes, who said that investors are following a yen carry trade strategy by borrowing in yen due to low interest rates instead of higher yield opportunities, expects a solution here. With the narrowing of the difference in interest rates, this strategy may lose its appeal and thus a new process may begin.
“Fiat liquidity conditions could not be more favorable as we enter the final stages of Q3. As crypto hodlers, we have tailwinds at our backs.”
When Will Crypto Rise?
In his August 12th assessment, Hayes outlined a clear roadmap. This is something that many analysts have been saying for months. BTC is stuck in a tight range, and historically it is unusual for it to remain stuck in a bullish market for this long. According to him, BTC 70,000 and ETH We will not see the start of the bull season for altcoins without achieving stability above $4,000.
“Inspired by dollar liquidity, Bitcoin and the Ether rally towards the end of the year will form a strong foundation for the return of a compelling shitcoin party.”
This will allow the rallies exceeding 400% in the short term that we are used to in altcoin bull markets to return. By the end of the year, Hayes says that the ground will be prepared for BTC to strengthen again with the net issuance of $301 billion in T-bills and the next stop will be $100,000.
Historical data does not promise good returns for the third quarters. September will probably not be very exciting either, but as the end of the month approaches, an impressive rise phase may begin with the motivation brought by optimism about the last quarter.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
