Posted 4/9/2024, 6:08:23 AM
Crypto Guru Hayes Predicts Post-Halving Price Slump Due to Liquidity Squeeze, But Conditions May Improve
- Arthur Hayes predicts crypto prices will face depression for weeks after Bitcoin halving due to tightening dollar liquidity
- Hayes argues that when majority expects an outcome like halving price boost, the opposite often occurs
- Period after halving coincides with factors reducing liquidity like tax payments, Quantitative Tightening, and untapped Treasury funds
- Hayes expects money supply tightening to slow and $1 trillion liquidity release after May 1 Fed meeting, boosting markets
- While predicting post-halving slump, Hayes acknowledges possibly being wrong given his long crypto positions