BitMEX #cryptocurrency exchange founder Arthur Hayes detailed a scenario that could trigger a bull cycle for the digital asset market.

Hayes drew attention to China's decision to allow its citizens to invest in cryptocurrencies. On the other hand, there is a hostile environment for digital assets in the US. Hayes believes these two critical factors can act as catalysts for a major market rally.

According to Hayes, there is a re-entry of Chinese investors into the crypto space through Hong Kong's financial channels. This Chinese arrival on the scene will reinvigorate the market just when the financially strained American middle class is effectively excluded from participation.

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