Arthur Hayes: I will not increase my Bitcoin holdings until the Federal Reserve resumes printing money.

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MarsBit
03-11
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According to Mars Finance, Arthur Hayes recently stated on his podcast that while he is bullish on Bitcoin in the long term (predicting it will reach $250,000 by the end of 2026), he will not buy any Bitcoin until the Federal Reserve (Fed) eases monetary policy and restarts its "printing press." Hayes pointed out that although the market generally believes war is good for Bitcoin, in reality, it is "printing money that is good for Bitcoin." He is concerned that the ongoing geopolitical tensions in the Middle East could lead to a large-scale sell-off in US stocks and Bitcoin, and could even trigger a chain reaction of liquidations, causing Bitcoin to fall below $60,000. Currently, Bitcoin is priced at approximately $69,926, a 45% drop from its all-time high (ATH) of $126,000 reached last October. He emphasized that the best time to buy is only when the Federal Reserve reintroduces liquidity to support military spending or alleviate market pressures.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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