Bitcoin: Arthur Hayes Predicts a Rise Caused by the Dollar

Mon 27 Nov 2023 ▪ 4 min of reading ▪ by Evans S.
Getting informed Event

Arthur Hayes, co-founder of BitMEX, has thrown a spanner in the works with a bold prediction: an imminent rise in Bitcoin, fueled by an increase in dollar liquidity under the auspices of Janet Yellen. It’s a scenario that sends shivers down the keyboards of crypto-enthusiasts and sets the skeptics’ teeth on edge. Let’s dissect this prophecy with a critical yet amused eye.

Bitcoin rise

Hayes’ Analysis: Between Finance and Clairvoyance

When Arthur Hayes predicts, the Bitcoin sphere listens. His recent post, which mixes financial observation with a hint of mischief towards “Bad Gurl Yellen”, suggests an era of prosperity for BTC. But what’s behind this tweet?

Hayes points to a significant increase in dollar liquidity, as suggested by the changes in RRP and TGA balances. Loosely translated, this would mean that more greenbacks are fluttering around in the economy, creating fertile ground for Bitcoin’s growth. But is it really that simple?

Interpreting financial data is often more of an art than a science. Hayes, with his finance background, appears convinced that these figures are the precursors to a Bitcoin rise. But, as in any good prediction, a pinch of skepticism never hurts.

Yellen, the Dollar’s Magician

Janet Yellen, the U.S. Secretary of the Treasury, is at the heart of this plot. Under her wand, dollar liquidity seems to be increasing. But can we truly attribute to Yellen alone the power to propel Bitcoin to new heights?

Monetary policy is a bit like a cooking recipe: too much or too little of one ingredient and the dish is spoiled. Too much liquidity could stimulate Bitcoin, but it could also feed inflation. It’s a delicate balance to maintain for our financial magician.

So, is Yellen the unsuspected ally of cryptos or simply a financier doing her job? The answer isn’t clear-cut, but one thing is certain: her actions will have an impact on Bitcoin’s price.

Bitcoin: Towards Uncharted Peaks?

Arthur Hayes sees Bitcoin riding on a wave of inflated dollars. If his vision is correct, the coming months could be thrilling for BTC holders. But let’s not forget that the crypto sea is capricious.

Hayes is no newbie when it comes to crypto, and his optimism is infectious. He’s one of those who see the glass half full, even when the blockchain is acting up. Perhaps his enthusiasm is the wind that Bitcoin has been waiting for to spread its sails.

Those who bury Bitcoin at the slightest drop should beware. The crypto-phoenix has already proven it knows how to rise from its ashes. With or without Yellen, BTC has more than one trick up its digital sleeve, even if it’s sometimes tossed about by altcoins.

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Evans S. avatar
Evans S.

Fasciné par le bitcoin depuis 2017, Evariste n'a cessé de se documenter sur le sujet. Si son premier intérêt s'est porté sur le trading, il essaie désormais activement d’appréhender toutes les avancées centrées sur les cryptomonnaies. En tant que rédacteur, il aspire à fournir en permanence un travail de haute qualité qui reflète l'état du secteur dans son ensemble.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.