๐ Arthur Hayes, co-founder of BitMEX, highlights three key drivers for Bitcoin's recent surge:
1๏ธโฃ Inflation: Bitcoin is gaining popularity as fiat currencies lose purchasing power due to ongoing inflation and economic stimulus measures.
2๏ธโฃ Spot ETF Expectations: The crypto community is optimistic about the approval of multiple Bitcoin spot ETFs, despite the pending SEC decision.
3๏ธโฃ Bull Market: Bitcoin's strong fundamentals and real-world use cases signal the potential start of a new bull market cycle.
These factors contribute to the current positive sentiment around Bitcoin. ๐๐น #Bitcoin #CryptoTalks #bullmarket ๐๐