Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will lose its appeal for foreign investors due to sanctions.
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market
Arthur Hayes, economic analyst and former CEO of has predicted the imminent coming of a bitcoin bull market as the economic variables of the U.S. worsen later this year. In his article “Patience is Beautiful,” Hayes changes his earlier recommendations about taking a wait-and-see approach to crypto investments. To him, the destination of the global economy is clear, even if the path might change due to interference.
Money printing, yield curve control, bank failures, etc. will all come to pass, starting in America and eventually spreading to all major fiat monetary systems … I believe the fireworks and the real bitcoin bull market will begin in the late third and early fourth quarter of this year.
Catalysts of the Incoming Bull
Among the ingredients that will cause this thriving new era for bitcoin, Hayes mentions the bounce of the inflation numbers — which he also considers misleading — and the subsequent increase in interest rates as the national debt loses its appeal for foreigners.
Hayes predicts that the U.S. Federal Reserve will be unable to reach its target of taking inflation numbers to 2%, and this will cause them to keep increasing rates to continue fighting the resurgence of core inflation, which according to Hayes, will go from 4.81% in September to 5.37% in December.
This will also impact the banking system, where deposits will flee from small and medium-sized financial institutions to what Hayes calls “too big to fail” banks, with deposits also going to money market funds to receive higher yields.
Also, foreign countries will have less interest in investing in U.S. debt, fearing economic sanctions like the ones already in effect against Russia. On this, Hayes declared:
Property rights are dependent on whether you are a friend or foe of the ruling politicians of Pax Americana. Therefore, as a foreign holder of USTs, you cannot be sure you will be allowed to access your wealth when you need it.
Finally, Hayes assured that “when the printer goes brrr, bitcoin goes boom.”
What do you think about Arthur Hayes’ bull market predictions? Tell us in the comment section below.