Arthur Hayes predicts the alt season

posted  8 Feb 2023
Photo - Arthur Hayes predicts the alt season
The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course). 
 
Key takeaways from Arthur Hayes' post:  
 
? S&P500 is up 40% in 3 months; 
? Fed balance sheet will drop $100 billion every month; 
? The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation;
? When the money runs out (sometime in July), Congress will vote to increase the debt ceiling;
? The market will end up flooded with unbacked debt liabilities;
? The world's banks will be forced to resort to printing more money (this process has already begun).
 
"The party has begun!", Arthur concludes.