In the last day, the crypto market has made a surprising and attractive shift. The value of top cryptocurrencies such as Bitcoin (BTC) has reached levels not experienced since the beginning of the year.
Based on recent market trends, well-known crypto expert Arthur Hayes, a co-founder and former CEO of BitMEX, has adjusted his future predictions. In his most recent analysis, Hayes suggests that the current bull market is expected to end by March.
Bull Cycle Continues Until March
In December, one of BitMEX’s co-founders predicted a severe drop in the cryptocurrency market around January 20th. This was due to the belief among crypto enthusiasts that Donald Trump’s administration might not fulfill all its promises regarding cryptocurrencies. Hayes suggested that once Trump is inaugurated, he may not be able to make immediate policy adjustments to align with his pro-cryptocurrency pledges.
Due to a surge in cryptocurrency prices, Hayes felt it necessary to adjust his strategy. He proposed that the “Trump dump” he had anticipated might have taken place between mid-December and the end of the year. However, this doesn’t exclude the possibility of a temporary price drop in the near future.
He pointed out that there’s still a possibility of an unfavorable influence affecting the market in the near future, but at the same time, he considers the impact of increased dollar liquidity. For the moment, Bitcoin seems to respond to fluctuations in the speed of dollar emission.
As the Chief Investment Officer at my family office, Maelstrom, I’m encouraging those who appreciate a higher risk appetite to amp up their game. I suggest adjusting your investment strategy to a more adventurous level, which we might casually refer to as “degen” mode. It’s essential to remember that the market could maintain its bullish trends well into March. This doesn’t mean we’re blindly chasing gains; it’s about understanding and embracing the inherent risks involved in such a strategy.
How Will Dollar Liquidity Play Its Role?
According to the Chief Information Officer of Maelstrom, actions taken by the Federal Reserve and Treasury Department are expected to boost dollar liquidity, which could have a favorable impact on cryptocurrencies such as Bitcoin. He anticipates that up to $612 billion could be added to the economy’s liquidity in the first quarter of this year.
Following shortly, Hayes anticipates that deadlines such as the April 15 tax payment date may lead professionals in finance to move their funds away from cryptocurrencies and towards more traditional assets. This action, according to him, could initiate a downward trend in the market, often referred to as a bearish trend.
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2025-01-07 17:56