Arthur Hayes Says Four-Year Bitcoin Cycle Is Dead, Bull Run Lives On
Arthur Hayes says the four-year Bitcoin cycle is dead and the current bull run can continue, powered by abundant liquidity. As the four-year anniversary of the current cycle approaches, traders have been questioning whether this bull run is ending, but BitMEX co-founder Hayes says past cycles ended because of monetary tightening, not the cycle. Hayes sees Fed rate cuts and easing in China and other nations as factors that will continue supporting Bitcoin’s bull market. “Listen to our monetary masters in Washington and Beijing,’’ he said in a blog post . ‘’They clearly state that money shall be cheaper and more plentiful. Therefore, Bitcoin continues to rise in anticipation of this highly probable future. The king is dead, long live the king!” Bitcoin Cycles Don’t Revolve Around Halving Events, Says Hayes In the past, analysts have used the Bitcoin halvings as a landmark to determine BTC’s cycle stages. This is because the event,...