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Arthur Hayes Predicts Supercharged Bull Market After Trump Dumps Powell, Cranks Up Money Printer
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Join Our Telegram channel to stay up to date on breaking news coverageBitMEX co-founder Arthur Hayes says the market may be set for the ”juiciest” bull run ever when US President Donald Trump turbocharges the money printing press after Jerome Powell leaves the Federal Reserve.
Although Hayes acknowledged that those policies risk ending badly, he argued that the peak of the next crypto bull run is still ahead.
Hayes Says Bitcoin Investors Need To Be PatientTurning his attention to Bitcoin, Hayes pushed back on concerns that the leading crypto’s price has stalled since reaching a new record price above $124K in the middle of August.
BTC price chart (Source: CoinMarketCap)Despite that, BTC is still more than 91% up over the past year.
With regards to Bitcoin’s 4-year cycle, Hayes argued that the leading crypto “is no longer tied” to this cycle due to “macroeconomic” factors.
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