Arthur Hayes Declares the Four-Year Bitcoin Cycle is Over
- Arthur Hayes, co-founder of BitMEX, states that the traditional four-year crypto cycle is no longer valid.
- He attributes Bitcoin’s price cycles to monetary supply from USD and the Chinese yuan rather than historical patterns.
- The US Treasury has injected $2.5 trillion into markets, with plans for further deregulation to enhance lending.
- Current predictions indicate a high probability of two rate cuts by the US central bank this year, despite inflation concerns.
- Hayes believes that China’s shift towards neutral monetary policy will support Bitcoin’s growth instead of hindering it.
Hayes emphasizes that past cycles ended due to tightened monetary conditions, not timing events like halving. He argues that current economic policies in both the US and China favor increased liquidity, which could drive Bitcoin prices higher.
As a result of these changes, Hayes suggests that Bitcoin could continue to rise as monetary conditions become more favorable, marking a significant shift from previous cycles where tightening led to downturns. (Source)
