During the Blockchain Week conference in Seoul, Arthur Hayes disclosed that the bull market for Bitcoin was initiated back in March 2023. He linked this development to a series of bank insolvencies and the Federal Reserve's bank support initiatives.
Hayes, who founded BitMEX, contends that the Federal Reserve's efforts are essentially an admission of systemic financial issues. He believes that this will lead to the expansion of the money supply.
Hayes also maintains that we'll see a full-fledged bull market spanning all cryptocurrencies in the coming 6 to 12 months, regardless of the Federal Reserve's financial moves.
Hayes also maintains that we'll see a full-fledged bull market spanning all cryptocurrencies in the coming 6 to 12 months, regardless of the Federal Reserve's financial moves.
