Former BitMex CEO Arthur Hayes sees $70,000 for Bitcoin and challenges Fed in his new essay
rise by nearly 29%, Hayes emphasized its ability to maintain value above $20,000 despite multiple failed tests of the $30,000 mark. He suggests that this stability reflects the market's belief in the potential for even more negative real rates if the Fed continues to raise interest rates.In conclusion, the author expresses confidence in Bitcoin's resilience, even in the face of possible further Fed rate hikes.
In a world where conventional economic theories are being challenged, Arthur Hayes's analysis suggests that Bitcoin's path to new highs may not be as far-fetched as it once seemed, offering a fresh perspective on the cryptocurrency's potential in today's complex economic environment.
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