Arthur Hayes Predicts an “Epic” Bull Market for Crypto
BitMEX co-founder Arthur Hayes believes that the digital assets industry is on the verge of a massive bull market. In an interview with Crypto Banter, Hayes explains that two key catalysts will drive this upward trend: the commercialization of artificial intelligence (AI) and the unprecedented money printing by the Federal Reserve.
Hayes refers to his thesis called “double happiness,” which highlights the combination of historic levels of money printing and the commercialization of AI as the most transformative technological development in human history. He predicts that this combination will result in an “epic” bull market for cryptocurrencies and other risky assets around the world.
Ridiculous Amounts of Debt to Favor Digital Assets
According to Hayes, economic powerhouses like the US, Europe, and China will be issuing massive amounts of debt. This excessive debt issuance will work in favor of digital assets, as central banks attempt to save government bond markets. Hayes conducted research on the amount of debt that will be issued by these countries and found it to be surprisingly high. He believes that the trillions of dollars being printed over the next few years will further fuel his bullish outlook on Bitcoin, cryptocurrencies, and certain stocks, while making him bearish on fiat currencies.
Hot Take: The Catalysts for a Crypto Bull Run
Arthur Hayes’ prediction of an “epic” bull market for crypto assets is based on two key catalysts: AI commercialization and historic money printing. These factors are expected to drive a surge in digital asset prices, including Bitcoin and other cryptocurrencies. The unprecedented levels of debt issuance by major economies like the US, Europe, and China are seen as favorable for digital assets as central banks attempt to stabilize government bond markets. Hayes’ thesis suggests that the combination of these catalysts will result in a transformative bull market for crypto and other risky assets.
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