Bitmex co-founder Arthur Hayes, known for his bold statements on Bitcoin (BTC) and Altcoins, has issued a new statement.
Thus, Arthur Hayes, who repeated his bold $200,000 forecast for Bitcoin, said Bitcoin’s four-year bull market cycle is no longer valid.
Hayes said he doesn’t believe in Bitcoin’s four-year cycle and the price is above the $200,000 level.
Bitmex co-founder Arthur Hayes discussed the impact of macro fluidity on Bitcoin and Cryptocurrency Market in an interview with Kyle Chasse.
Hayes said the general market view would provide liquidity to the market by the Federal Reserve, the US Treasury Department and central banks of various countries by printing money and purchasing bonds.
“The Federal Reserve, the Fed, and national central banks provide liquidity through bond purchases and currency issuance.
In this environment, cryptocurrencies, including Bitcoin, could be better than traditional assets like the S&P 500.
Furthermore, Bitcoin is no longer tied to a four-year cycle, as its growth is more closely linked to macroeconomic changes than mining.
At this point, Bitcoin could rise to $150,000-$200,000 by the end of 2025, thanks to macroeconomic factors. ”
*This is not investment advice.