Renowned cryptocurrency strategist Arthur Hayes made striking statements about macroeconomic data and global liquidity flows during a live broadcast. Describing Bitcoin’s current state as a “newly emerging bull market,” Hayes claimed investors should be prepared for the $126,000 level.
At the heart of Hayes’s rise thesis are the credit creation processes of central banks and commercial banks. Hayes specifically noted that the Artificial Intelligence (AI) competition between the US and China requires a massive expenditure of capital (CapEx).
Hayes argued that “if Google or Chinese giants run out of cash for the AI race, banks will step in under ‘national security’ pressure from governments, and this abundance of liquidity will flow directly into assets with limited supply, such as Bitcoin.”
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Hayes, who described market expectations regarding the Fed’s interest rate policies as “misdirection,” said that the quantity of money in the system is more critical than the cost of money (interest).
Despite the Fed’s rhetoric about shrinking its balance sheet, he stated that regulations are forcing banks to buy bonds, and the net effect of this is equivalent to printing money.
Arthur Hayes shared his strategies not only for Bitcoin but also for the altcoin market:
*This is not investment advice.
Continue Reading: Bitcoin Bull Arthur Hayes: “Get Ready for Bitcoin to Hit $126,000 Again”

