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😱🫨Arthur Hayes: Crypto bull has woken up again😱🫨
#ArthurHayes continues his impressive and interesting writings. Finally, Hayes pointed out that central banks will address interest rate cut cycles and the bull season in crypto will end.
“Other care services are hidden, which reduces interest.”
Stating that interest rates of 0.1 percent in Japan cannot be increased, but other G7 countries can reduce interest rates, the famous trader said:
I said before that something needs to be done to test the Japanese yen. I suggested that the Fed encourage the exchange of newly minted dollars for yen in Japan, thus giving the Ministry of Finance carte blanche. I stand by my opinion, but I think the G7 charlatans have convinced the markets that the gap between the Bank of Japan and the rest will close. If the market believes it, everyone will receive yen and their mission will be completed! To restore this employment, the Fed, the EU Central Bank, the Bank of Canada and the Bank of England must lower interest rates.
“Conditions changed, the bull appeared again”
Saying that the cuts made by the EU Central Bank and the Bank of Canada this month "exploded the fire demonstrations", Hayes stated that monetary expansion is now on the horizon:
“BOC and ECB set off central bank fireworks in June. The slump of summer is disappearing. Actually I didn't expect this. These reductions are expected to be presented at the Jackson Hole meeting in August. As the seasonal months enter, economic policy is announced here. The path we will follow is very clear. Central banks are turning to wasteful monetary expansion. We choose how we play this game. Satoshi is already telling us how we can fight the evil of traditional finance. Enter Bitcoin and then 'shitcoins'... The course of the macro has changed. Therefore, I can continue with my strategy.
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