According to BlockBeats, on May 12, BitMEX co-founder Arthur Hayes stated in his latest article, "The Butterfly Touch," that he expects the liquidity of the US dollar and the Chinese yuan to continue to rise, and that Bitcoin and cryptocurrencies will benefit from this.
Bitcoin bottomed out at $60,000 earlier this year, and with trillions of dollars and the impending creation of the renminbi driving the market, reclaiming $126,000 seems a certainty. Many haters will refuse to participate in this Bitcoin rally because it has significantly lagged behind tech stocks and gold over the past 24 months. Many cannot understand why Bitcoin still has any meaning as a hedge against rampant money printing. But it will demonstrate its sensitivity to the expansion of fiat currency liquidity.
Hayes stated that he expects the rally to intensify as many put option sellers will rush to close their positions after Bitcoin breaks through $90,000, causing the price trajectory to become explosive. He has no idea how high Bitcoin can go, but will push Maelstrom's portfolio to maximum risk unless any drastic changes occur.
The US political climate regarding AI and inflation is expected to turn very hostile by the time the midterm elections in November arrive. This could be a minor slowdown in the rally. Now is the time to start investing in Altcoin, and besides Hyperliquid ($$HYPE) and Zcash ($$ZEC), the next top pick is NEAR. The argument for why combining the Altcoin narrative with Near's intentions will create positive cash flow for the protocol will be elaborated in the next article. This will reverse the token's disastrous price performance and create an opportunity to make a killing as the token rapidly approaches its multi-year-old all-time high. It's a bull market now; close your eyes and press the button. There will be a time to sell, but not now.
