🚀 PEPE Jumps Nearly 20% as Arthur Hayes Bets Big on Meme Coins!
In a bold move that has the crypto world buzzing, Arthur Hayes, founder of BitMEX, is back in the spotlight with his latest investments. After a successful year with PENDLE, Hayes is pivoting his strategy towards meme coins and decentralized physical infrastructure networks (DePin), and it’s paying off!
Major Purchase Alert: 24.39 Billion $PEPE Tokens!
On Friday, during the Asian trading hours, Hayes made headlines by announcing his intention to dive into the meme coin market. He specifically highlighted his interest in PEPE, along with Iggy Azalea’s MOTHER and the cat-themed #MOG coin.
Hayes tweeted, “It’s time for a memecoin breakout. I respect my MOTHER, I MOG like no one else, but I can’t neglect #PEPE.”
According to Spotonchain, Hayes acquired a staggering 24.39 billion PEPE tokens, valued at $252,000. This significant transaction is bound to capture the attention of traders and analysts alike, as moves from influential figures can greatly sway market sentiment.
PEPE Price Surge
Thanks to Hayes’ bullish stance, the price of PEPE has surged by over 18%, currently trading at $0.00001069. This uptick is part of a broader trend, as other meme coins like DOGE, SHIB, WIF, FLOKI, and BONK are also experiencing notable gains.
What This Means for the Market
Hayes’ shift from PENDLE to meme coins signals a strategic response to current market dynamics. With an eye on the growing popularity of meme coins, his investment could ignite further interest in this sector, potentially leading to more volatility and excitement.
Don’t Miss Out!
As meme coins continue to capture attention, now might be the perfect time to explore these vibrant assets. Keep an eye on the market, and who knows—your next investment could be a meme coin that takes off!
#pepe⚡ #Memecoins🤑🤑 #CryptoNewss #ArthurHayes s #BitMEX

Arthur Hayes, the former CEO of BitMEX, recently spoke to David Hoffman on the Bankless Podcast and shared his thoughts on Bitcoin’s future.

He explained that the liquidity for the Bitcoin Treasury Float Plan (BFTP) remains locked until rates drop, at which point Bitcoin will rise significantly. However, he dismissed the idea that Bitcoin will hit $1 million in 90 days.

Hayes clarified that he believes Bitcoin can reach $1 million during this cycle, which he expects to be within the next two to three years. He discussed how BTC could achieve this milestone and began by distinguishing between inside money and outside money.

Inside money, according to Hayes, is a liability on someone else’s balance sheet, such as dollars, yen, euro, yuan, stocks, and bonds. Crucially, what distinguishes it is that “you can’t utilize these things without interfacing with the fiat financial system and the people that are deputized to act in it,” he said.

On the other hand, outside money is not a liability on someone’s balance sheet, such as gold, real estate, and Bitcoin. Outside money is advantageous over inside money because the banking system does not affect it.

Hayes explained that outside money is desirable when the Federal Reserve is propping up the entire banking system, adding that banks holding BFTP-qualifying assets cannot go bust. Under this setup, the money supply expands infinitely at some point, resulting in price appreciation for outside money assets such as Bitcoin.

While Hayes dismissed the idea of Bitcoin hitting $1 million in 90 days, he believes that Bitcoin can achieve this milestone in the next two to three years. This prediction is consistent with the view of many cryptocurrency experts who believe that Bitcoin’s price will continue to rise in the long term.

Hayes’ views on Bitcoin’s future are essential, given his background in the cryptocurrency industry. As the former CEO of BitMEX, a leading cryptocurrency derivatives exchange, Hayes has extensive knowledge of the cryptocurrency market and its workings.

In conclusion, Arthur Hayes believes that Bitcoin can reach $1 million during this cycle, but not in 90 days. He explained that Bitcoin’s outside money status is advantageous over inside money and will result in price appreciation in the long term. While his prediction is just one among many, it is essential to consider his insights as a former CEO of a major cryptocurrency exchange.

#Hayes #BitMEX #BFTP #azcoinnews #BTC

This article was republished from azcoinnews.com

In a recent tweet, Arthur Hayes, co-founder of BitMEX, has drawn attention to an alternative solution for bailing out non-US banks that may not be obvious to the average person. The tweet highlights a potential solution for the US Federal Reserve to assist foreign banks that are facing deposit outflows, without selling treasuries into a potentially illiquid market.

The issue with the US Federal Reserve directly bailing out foreign banks is that it could be seen as politically toxic, especially at a time when domestic banks are also in need of assistance. As such, an alternative solution has been proposed: the US Federal Reserve provides a swap line to a major central bank, such as the European Central Bank (ECB), which then allows EU banks to give treasuries at par to the ECB.

The ECB would then give dollars to the banks, which could then handle any deposit outflows. In turn, the ECB would get dollars from the US Federal Reserve using the swap line. This would mean that no treasuries are actually sold, and any negative profit and loss is borne by the central bank, who can handle infinite losses.

Hayes’ tweet also suggests that the $ swap line balances would balloon, which would reflect on the US Federal Reserve’s balance sheet. Currently, US banks hold $4.4 trillion worth of treasuries and mortgage-backed securities, while foreign banks hold an unknown amount. The proposal would allow all treasuries held in the entire developed country banking system to be lent against at par, which could potentially be a game-changer.

In a previous tweet, Hayes stated that “It’s All Over!!!” and suggested that this was what happens when no one wants to hold USD in banks that can’t borrow from the Fed using bank term funding programs. He also questioned how the Fed can hike interest rates when it is handing out dollars to its peers.

It is important to note that this proposal is not without risks, as it could potentially lead to an increase in inflation and a depreciation of the US dollar. Nevertheless, it is an interesting idea that highlights the complexities of the global financial system and the various tools that central banks have at their disposal. As the world becomes increasingly interconnected, it is likely that we will see more innovative solutions being proposed to deal with the challenges of the global economy.

#BitMEX #Hayes #crypto2023 #BTC #azcoinnews

This article was republished from azcoinnews.com

Post By: CryptosHeadlines.com
In the ongoing crypto market rally, BitMEX co-founder Arthur Hayes is making a bold prediction. He believes that there’s a big Bitcoin rally on the horizon, especially with the recent shift in the US Federal Reserve’s stance.

BitMEX co-founder Arthur Hayes has been quite positive about Bitcoin recently. He advised the crypto community to buy Bitcoin when its price was below $25,000. Bitcoin has gone up by 75% this year, and the change in the U.S. Federal Reserve’s stance supports the idea of a significant rally before the next halving. This is something the crypto market has been eagerly anticipating after going through the worst bear market in its history.
Hayes Predicts Huge Bitcoin Price Rally
Arthur Hayes, the co-founder of BitMEX, had a message in response to the possible change in direction from the U.S. Federal Reserve. He stated, “Guess it’s time to boost financial assets. Bitcoin, it’s your turn!”
The U.S. Federal Reserve decided to keep interest rates unchanged during the recent FOMC meeting. However, they are still considering a rate hike in December. Despite this, inflation remains high, with the Fed’s preferred inflation measurement, the annual core PCE, at 3.7%, well above the 2% target.
Hayes suggests that it’s a good time to focus on Bitcoin and other cryptocurrencies rather than traditional assets like treasury bills. He believes that while the Fed is pausing, other central banks, like those in China, Europe, and Japan, will likely introduce significant stimulus measures. This is because the Fed is taking a more cautious approach, while other banks may opt for more aggressive money printing.
Crypto Rally: Bitcoin and Others Surge
In October’s positive trend, Bitcoin reached a yearly high of $35,919. But now, it’s trading at $35,193 because traders are taking their profits.
On the other hand, Solana’s price went up by 13% in just 24 hours. And it’s not alone – other major cryptocurrencies like Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) are also joining the bullish ride.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #BitMEX #ArthurHayes