Arthur Hayes Says Bullish Trend Will Return to Market in March
According to BitMEX co-founder Arthur Hayes, Bitcoin becomes more attractive for investors due to the unstable global political situation.
In his article published in October, Hayes predicted a new era in the history of cryptocurrency starting from 2024, coinciding with a potential outflow of capital from Treasury bonds.
Last week, Hayes also predicted a 30% increase in BTC price in March, attributing it to a potential redistribution of investment towards riskier assets due to changes in the Federal Reserve’s monetary policy.
He stated that on March 20, the day of the new Fed meeting, Bitcoin may initially experience a sharp decline but will eventually recover.
He highlighted that Bitcoin stands out as a neutral reserve currency that is widely available worldwide.
