A Positive Bitcoin Price Rally In Coming Months Say Arthur Hayes

Well what does the year hold for bitcoin is a question we ask ourselves as we approach the final days of 2022, as a trader and also enthusiast I really hope for a bullish turn around as for this year we have a suffered a bit surviving two bitcoin bearish all time low in the same year.

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In an interview which Arthur Hayes which is says that next year will be positive for crypto, as he says that bitcoin will outperform stocks. In he’s interview which he says;

“Next year sometime, I believe that the Fed is going to have to pivot. That’s mainly due to the fact that I believe that the treasury market and probably the investment-grade corporate bond market are going to become dysfunctional. What do I mean by that?

You have a bunch of supply with no buyers. The Fed is not buying, the Treasury is not buying – they’re actually issuing paper. All large foreign, non-US governments are mostly net sellers of treasuries so that would be Japan and China. If you see accelerating more deals of Middle Eastern countries selling their oil not in dollars but also, at least, the lowest recycling of dollars, less purchases of treasuries and yet at the same time, you have all-time high issuances of debt because the baby boomers in the US are aging. They have entitlements – social security, Medicare.

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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

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