BitMEX founder Arthur Hayes predicts an impending Bitcoin bull market and expects fireworks – here is the schedule

BitMEX exchange founder Arthur Hayes outlines an uptrend for Bitcoin (BTC) given the current reduced crypto market activity.

Hayes Says Federal Reserve Rate Hike Will Trigger Bitcoin Bull Run in New Paper

According to the BitMEX founder, the Fed will likely need to print money to pay interest on reserve balances, increasing liquidity in the system. Hayes predicts that wealthy asset owners who have received interest payments from the Fed are likely to use the proceeds to buy risky assets.

“All this interest paid is effectively a stimulus package for wealthy wealth holders. What do wealthy wealth owners do when they have more money than they need? You buy risky assets. Gold, Bitcoin, AI tech stocks, etc. will all be the beneficiaries of this “wealth” that will be printed by the government and paid out as interest.”

Hayes says he believes “the fireworks and true bitcoin bull market will start in the late third and early fourth quarters of this year.”

Regarding the reduced crypto market activity, the BitMEX founder says that the American summer months tend to be “always disappointing” but that the situation will change later.

“I expect bitcoin to hold its own here. I don’t think we’ll test or even get close to the $20,000 mark again. As money slowly flows into the global risk asset markets, a strong support base will form. Volatility and trading volume are consistently disappointing in the northern hemisphere during the summer months, so it comes as no surprise to me that boredom-stricken Degens have retired from crypto trading for the time being. I will use this period of calm to slowly increase my allocation to Bitcoin afterwards [US] The Treasury general account is replenished.

As more and more pundits talk about what’s happening to the billions of dollars being printed and paid out as interest by the Fed and US Treasury, it will once again become common knowledge that the money printing brrr is on. And when the printer goes brrr, bitcoin booms!”

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