Arthur Hayes has predicted a sustained long-term rally for Bitcoin.
Macroeconomic factors in the U.S. will form the tailwind behind a prolonged bull run.
Only Bitcoin and some top altcoins will fulfill users’ expectations in the bull run.
BitMEX founder Arthur Hayes has touted a prolonged Bitcoin rally following the initial surge attributed to Donald Trump’s election victory. Hayes pointed out that this early boost reflects crypto users’ optimism about Trump’s support for the industry. However, he believes U.S. macroeconomic policies will play a larger role in sustaining the bull run.
In a Youtube podcast, Hayes stated that the crypto market’s bullish trend does not hinge on the presidency; instead, hinging on a key factor that can push crypto prices higher to be the monetary decision requiring the U.S. government to print more money from 2025 start.
To further explain his position, Hayes stated that the government would print trillions of dollars to fund its defense industry and the healthcare of many Americans. Therefore, even if Kamala Harris had won the election ahead of Trump, the government would still print money, positively affecting the …
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