{"id":84029,"date":"2023-09-05T16:23:00","date_gmt":"2023-09-05T13:23:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84029"},"modified":"2025-09-12T14:55:13","modified_gmt":"2025-09-12T11:55:13","slug":"arthur-hayes-points-to-positive-bitcoin-prospects-despite-fed-policy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-points-to-positive-bitcoin-prospects-despite-fed-policy\/","title":{"rendered":"Arthur Hayes points to positive Bitcoin prospects despite Fed policy"},"content":{"rendered":"

Bitcoin has been in a bull market since March 2023 and, over the next 6\u201312 months, will unleash a new impulse, according to BitMEX co-founder Arthur Hayes, Cointelegraph<\/a> reports.<\/p>\n

The expert is convinced the uptrend began after the launch of the Fed<\/span>‘s $25 billion bank-rescue program in light of \u00abrescue\u00bb<\/a> of Silicon Valley Bank.<\/p>\n

Hayes stressed that since then digital gold has been on the rise, but the full bull market will not fully manifest for another 6\u201312 months.<\/p>\n

\n

In effect, [the Fed] backed the entire banking system, saying: ‘Please hand over your bonds with devalued junk, and I’ll top you up with fresh dollars’<\/em>. We dropped the veil that we care about the value of the dollar and any fiat currency, \u2014 the expert noted.<\/p>\n<\/blockquote>\n

According to Hayes, such a situation has prompted traders to focus on scarce-supply assets such as Bitcoin. To date, only a small portion of the market has reacted, he believes.<\/p>\n

The BitMEX co-founder says that the favourable prospects for digital gold will not be affected by either a potential tightening of monetary policy by the Fed or the launch of the money-printing press.<\/p>\n

\n

In both scenarios [\u2026] we are in a good position<\/em>, \u2014 he concluded.<\/p>\n<\/blockquote>\n

Earlier, on 12 December 2022 Hayes stated<\/a> that the first cryptocurrency had bottomed, and five months later forecasted<\/a> its rally to 2024.<\/p>\n

Recently, the expert allowed for a possible brief dip below $20,000 with a subsequent new bullish impulse<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arthur Hayes: Bitcoin has been in a bull market since March 2023 and will unleash a new impulse over the next 6\u201312 months.<\/p>\n","protected":false},"author":1,"featured_media":84030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,480,1138],"class_list":["post-84029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84029"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84029\/revisions"}],"predecessor-version":[{"id":84031,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84029\/revisions\/84031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84030"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}