Bitcoin bull market: Arthur Hayes predicts new record year!

Bitcoin bull market: Arthur Hayes predicts new record year!

Arthur Hayes, co-founder of BitMEX, commented for the first time on the current developments surrounding Bitcoin (BTC) and gave an optimistic forecast. According to a report by Daily Hodl Hayes believes that the entrenched seasonal patterns that typically mark the end of Bitcoin bull markets will not apply this year. He encourages traders to distance themselves from the usual four-year price cycle as it cannot be considered a reliable indicator of the end of the current bull market.

Hayes argues that in the past, Bitcoin highs often occurred when countries like the US and China sharply reduced or stopped their money creation. However, this is not the case in the current situation. Rather, he refers to the ongoing money creation and economic stimulus measures that President Trump is planning. These include lowering interest rates and bank deregulation, measures that will potentially further stimulate the existing bull market.

Current market situation

Currently, Bitcoin is trading at $112,599, down 7.4% in the last 24 hours. Despite these short-term fluctuations, Hayes remains optimistic and believes the market's fundamentals remain stable. He highlights that the US Federal Reserve (Fed) cut interest rates in September, even while inflation is above target levels. This could be an indication of future developments in the crypto market.

In conclusion, Arthur Hayes believes that the Bitcoin bull market could last longer than traditionally expected. Current monetary policy and government economic stimulus may cause investors to reconsider predicted price cycles. This perspective encourages further reflection on the future development of the Bitcoin market and general economic conditions.