Posted 1/22/2024, 7:05:50 PM
Hayes Forecasts Bitcoin Drop Below $40K by March on Treasury News, Sees Fed Policy Saving Further Fall
- Arthur Hayes predicts Bitcoin will fall below $40,000 by March 29th when he expects Treasury to announce debt issuance details
- Hayes bought Bitcoin put options with $35,000 strike price expiring March 29th
- Hayes says Bitcoin has decoupled from S&P 500, signaling rocky times ahead for liquidity
- Hayes previously said March 12 end of Bank Term Funding Program could spur correction
- Hayes thinks Fed would have to ease policy after correction, helping Bitcoin recover