Arthur Hayes: BTC may break away from its association with technology stocks, and BTC may rise all the way to $200,000 after breaking through $110,000

avatar
PANews
04-23
This article is machine translated
Show original

PANews reported on April 23 that BitMEX co-founder Arthur Hayes stated that Trump may push for tariff policies in the future, but Bitcoin will not be affected like tech stocks. Due to high debt levels and the difficulty of maintaining deflationary policies, Bitcoin will benefit. He believes that the Treasury's debt repurchase plan provides liquidity for the market, allowing Bitcoin to find support in uncertainty. It is expected that after Bitcoin breaks through $110,000, it may continue to rise to $200,000, which could trigger a trend of shifting from Bitcoin to other Altcoins, opening a new "Altcoin season".

Source
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.
Like
1
Add to Favorites
Comments