Posted 10/4/2023, 7:55:23 PM
Bitcoin Bull Arthur Hayes Predicts Fed Money Printing Will Revive Crypto Market
- Arthur Hayes believes Bitcoin bull market will resume once Fed starts printing money again
- Hayes says rising long-term bond rates faster than short-term rates signals coming recession
- This "bear steepener" curve forces Fed to print money to save bonds
- Leverage in banks' portfolios means more bond selling as rates rise
- Fed rate hikes since March decreased liquidity, hurting Bitcoin and risk assets
- Bitcoin currently around $27.5k, up slightly in last 24 hours
