🚀Get ready, Bitcoin enthusiasts! BitMEX co-founder Arthur Hayes predicts another massive surge for Bitcoin in this market cycle, based on historical economic trends. 📈

While Bitcoin has been trading mostly flat recently, Hayes is confident that the leading crypto will "regain its mojo" 🕺, thanks to the U.S. government's excessive spending and money printing in the modern era. 💸

Hayes breaks down economic history into two periods: local inflationary and global deflationary. Since 2008, he believes the U.S. has been in a global deflationary period due to quantitative easing measures. 🌍

In these periods, Hayes suggests it's wise to hold gold, especially when faith in the system and its governors is lost. But wait, there's Bitcoin! Born in 2009, Bitcoin improved on all of gold's qualities, being limited in supply and moving at the "speed of light" like digital fiat currencies. ⚡

Hayes notes that despite the Federal Reserve's interest rate hikes and balance sheet reductions, credit in the economy is still expanding, negating anti-inflationary measures and boosting Bitcoin's value. 🚀

The Congressional Budget Office projects a record budget deficit of $1.915 trillion by 2024, while the Atlanta Fed forecasts a 2.7% real U.S. GDP growth in Q3 2024, easing recession fears. 💰

Hayes concludes that with fiscal and monetary conditions remaining loose, hodl'ing crypto is the best way to preserve wealth. So, Bitcoin enthusiasts, it's time to relax and zoom out on the Bitcoin bull market! 🐂🎉