Bitcoin has reached the bottom, and now the road begins to one million dollars: Hayes
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In an interview, Arthur Hayes-founder by the leading coding derivatives exchanged Bitmex-removing his outlook on Bitcoin, expecting a great mass fed him as he describes as a “stealthy print” by Global Center. While Hayes has long stressed the decisive role of liquidity in the leadership of Bitcoin, his last statements are farther, indicating that a new stage of expansion is imminent.
Bitcoin 4 years is the date
Hayes Secure The four -year Bitcoin framework has overwhelmed the prevailing financial awareness of the prevailing financial awareness. According to him, early, the dynamics of the Bitcoin Market were closely related to mining profitability courses.
However, those days are largely showing: “Now that Bitcoin and Crypto have become a category of intentions … everyone responds to it.” “I have moved from this technological digital pregnant woman to the best smoke warning for the light liquidity that we have worldwide.”
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Instead of focusing on semi -events, Hayes urge investors to track the number of dollars, the euro, the yen and the Ywan are actively created – or destroy – through the world’s main central banks. In his opinion, the Federal Reserve, the Popular Bank of China, the Bank of Japan, and the European Central Bank lead the most important flows: “All that matters to me is light liquidity. As long as we believed [Bitcoin] It works, then it comes only to the number of things that exist in the place, then reach the price. “
According to Hayez, the markets reduce the United States’ federal reserve’s willingness to return to the most flexible monetary policy much closer to the advertiser. The recent federal reserve movements call it “ghost printing”, on the pretext that President Jerome Powell quietly puts the basic work to keep the credit conditions easy – although the official language still indicates inflation concerns.
Hayes referred to signs in the FBI’s contacts that quantitative tightening (QT) will slow down or even stop. One of these indicators is Powell to compensate for any discount in the mortgage -backed securities with new purchases of US Treasury bonds: “They said they might take over QT to be flat. […] This is very positive for liquidity in dollars. “
Powell also indicated that any enlargement resulting from the customs tariff will be considered “temporary” – in fact it gives the Federal Reserve coverage to maintain integrated policies: “The definitions do not matter anymore for Powell, and they should not be interested anymore as encrypted investors […] Because we know that Powell will continue to provide cash conditions […] We need to increase our value in the value in dollars. “
The bottom (perhaps) in
In Hayes’s estimate, the worst thing in Bitcoin’s last shrinkage may be behind us. Although he admits that the market can still re -test its lowest levels, it claims that Bitcoin has probably put a major bottom: “On balance, we may have reached the bottom of 76000 […] Does this mean that we will not re -test it? No, of course not, but if I have to bet, I bet that we rise instead of a decrease. “
For Hayes, this is the issue of identifying a turning point in monetary policy. Once the Federal Reserve and other central banks indicate it completely tightened – “or” has never started “, in its formulation – it is expected that Bitcoin will be climbed.
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Hayes also rejected the idea that the encryption regulations waved on the horizon in the United States or anywhere else could suffocate the Bitcoin path. He believes that Bitcoin does not comply with it that makes it actually disappointed by traditional regulatory referee: “It does not matter the organization of encryption. Bitcoin does not need anyone’s permission. It is moving with or without it. […] If Bitcoin is trading on Tradfi regulations, I do not want to own them. I want something fortified from the organization. “
In one of his most interesting phrases, Hayes thinks whether Bitcoin can achieve a “numerical interesting number”-with a possibility of a million dollars-the next wave of the liquidity driven by the dollar. Although he did not closely closed a precise ceiling for the prices, he mentioned that he might be a psychological resonant personality: “I have put Bitcoin with a value of a million dollars there- I hope it is $ 1 million but you know that it may be 666,000, 500,000 or 250,000 what is a circular number that he sees is important, for some of the emotional mind.”
For Hayes, it comes to the global monetary authorities that decide to be “very far” in an attempt to curb spending and inflation. Once the central banks resume widespread injection of liquidity, as it argues, the stage was placed on the upper side of the bitcoin price.
Arthur Hayes’s perspective focuses on the idea that Bitcoin’s fate depends almost exclusively on global liquidity conditions. He is still convinced that central bankers, especially at the Federal Reserve, are closer to providing a renewed wave of cash stimulation, which believes the market – giving the way for a dramatic bitcoin equipment.
While the fluctuation is still rooted, Hayes insists that the largest encrypted currency is ready to move quickly by simply align the background of the policy. “If you know what you are looking for, the clues are everywhere. The bottom in, liquidity returns, and bitcoin … it is already going on.” Where this angle, according to Hayez, can reach that up to one million dollars – suggested, just April.
At the time of the press, BTC was traded at $ 85,765.
Distinctive image from YouTube, Chart from TradingView.com
