Posted 2/11/2024, 12:47:15 PM
Bitcoin Nears $50K Again Amid Predictions of Fed Bailout Sparking Surge to $1 Million
- Bitcoin and crypto prices have surged recently, with bitcoin nearing $50,000 again
- Analyst Arthur Hayes predicts the Fed will be forced into a new bailout, sparking bitcoin's price to $1 million
- A surprise loss from New York Community Bancorp signals wider banking troubles
- Hayes says "the bailout is coming" if more banks fail amid a weakening economy
- Other market watchers say bitcoin has entered a "greed" state again, with its price breaking out over $46,000