Hayes, which issued a 50 thousand dollar warning for Bitcoin, closed its short position

Arthur Hayes, who recently warned that Bitcoin could fall below 50 thousand dollars, announced that he closed his short position.

Arthur Hayes, wrote that he closed his short position in Bitcoin. Stating that he made a profit of 3 percent from his position, Hayes stated that Bitcoin may gain upward momentum due to expectations that dollar liquidity will increase.

Hayes also drew attention to the statement made by US Treasury Secretary Janet Yellen yesterday that things are going well in the economy and a soft landing was carried out. “It was truly incredible to be able to significantly reduce inflation while maintaining strong growth,” Yellen said. This is a situation that most people call a soft landing," he said.