Miguel Lopez Arthur Hayes, the former CEO of Bitmex, has made bold predictions about the emergence of a bitcoin bull market in the latter half of 2023. In his recent article titled “Patience is Beautiful,” Hayes emphasizes the significance of patience for investors. He argues that the United States Federal Reserve’s attempts to control inflation will be futile as the country’s mounting debt loses its appeal to foreign investors due to the imposition of sanctions.
Hayes, who is renowned as an economic analyst, modifies his previous recommendations regarding a cautious approach to cryptocurrency investments. He now asserts that the direction of the global economy is evident, although external interference may influence the specific trajectory.
In his declaration, Hayes states that a series of events, including money printing, yield curve control, and bank failures, will unfold, starting in the United States and eventually affecting all major fiat monetary systems. He anticipates that the true bitcoin bull market will commence in the late third and early fourth quarters of this year.
Hayes identifies various catalysts that will contribute to this impending bullish period for bitcoin. He highlights the deceptive nature of inflation figures and anticipates a subsequent rise in interest rates as foreign investors lose interest in the national debt. According to Hayes, the U.S. Federal Reserve will struggle to achieve its 2% inflation target, leading to further rate hikes to combat a resurgence of core inflation. He predicts that core inflation will increase from 4.81% in September to 5.37% in December.
The banking system will also be affected, with deposits flowing from small and medium-sized financial institutions towards “too big to fail” banks. Additionally, investors will turn to money market funds to attain higher yields. Foreign countries, fearing economic sanctions similar to those imposed on Russia, will exhibit reduced interest in investing in U.S. debt. Hayes argues that property rights become contingent on one’s allegiance to the ruling politicians of Pax Americana, making foreign holders of U.S. Treasuries uncertain about accessing their wealth when needed.
Ultimately, Hayes concludes that “when the printer goes brrr, bitcoin goes boom.”
We invite you to share your thoughts on Arthur Hayes’ predictions for the bull market in the comment section below.
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Frequently Asked Questions (FAQs) about bitcoin bull market
What is Arthur Hayes predicting regarding the bitcoin market and the US economy?
Arthur Hayes is predicting the emergence of a bitcoin bull market in the last two quarters of 2023. He believes that as the US economy worsens, factors such as inflation, interest rates, and foreign investor concerns will contribute to the rise of bitcoin.
Why does Arthur Hayes think the US Federal Reserve will be unable to control inflation?
According to Hayes, the US Federal Reserve will struggle to reach its 2% inflation target due to various economic factors. He anticipates that core inflation will increase from 4.81% in September to 5.37% in December, which will force the Federal Reserve to keep increasing interest rates in an attempt to combat the resurgence of inflation.
What impact does Arthur Hayes foresee on the banking system and foreign investment?
Hayes predicts that the banking system will witness a shift in deposits, with money flowing from smaller financial institutions to larger “too big to fail” banks. Additionally, he expects foreign countries to become less interested in investing in US debt, fearing economic sanctions similar to those imposed on Russia. This shift in the banking system and reduced foreign investment will have implications for the US economy and potentially drive investors towards bitcoin.
How does Arthur Hayes see the relationship between the US debt and foreign investors?
Hayes believes that the US debt will lose its appeal to foreign investors due to the imposition of sanctions and other factors. He argues that property rights for foreign holders of US Treasuries may become uncertain, as access to wealth could be dependent on their relationship with the ruling politicians of Pax Americana. This lack of certainty could potentially drive foreign investors towards alternative assets such as bitcoin.
When does Arthur Hayes anticipate the bitcoin bull market to begin?
Hayes states that he expects the real bitcoin bull market to start in the late third and early fourth quarters of 2023. He identifies these periods as the likely time when the market dynamics will align and propel bitcoin’s value upwards.
More about bitcoin bull market
- Arthur Hayes Predicts Bitcoin Bull Market
- Bitmex
- US Federal Reserve
- US Inflation Data
- US National Debt
- Bitcoin Price Charts
- Impact of Sanctions on Foreign Investment
