Summary
- Arthur Hayes said that Bitcoin's 4-year cycle bull market is no longer valid.
- He said that in an environment of liquidity provision by major institutions such as the U.S. Fed, Bitcoin could perform better than traditional assets.
- He projected that Bitcoin could rise to $150,000~$200,000 in the late 2020s.
Bitcoin (BTC)'s 4-year cycle bull market is claimed to no longer be valid.
On the 15th (Korean time), according to UBlockchain, Arthur Hayes, co-founder of BitMEX, said in an interview, "The U.S. Federal Reserve (Fed), the Treasury, and central banks of each country will provide liquidity through bond purchases and currency issuance," and "In such an environment, virtual assets (cryptocurrencies) including Bitcoin can outperform traditional assets such as the S&P 500."
He also said, "Bitcoin is no longer tied to the 4-year cycle," and "Thanks to macroeconomic factors, it could rise to $150,000~$200,000 in the late 2020s."
As of 1:40 PM, Bitcoin was trading at $116,055, up 0.27% from the previous day, according to CoinMarketCap.
Uk Jin
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