{"id":18869,"date":"2023-03-18T10:45:00","date_gmt":"2023-03-18T10:45:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitmex-ceo-arthur-hayes-predicts-bitcoin-rally\/"},"modified":"2023-03-18T10:45:00","modified_gmt":"2023-03-18T10:45:00","slug":"bitmex-ceo-arthur-hayes-predicts-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitmex-ceo-arthur-hayes-predicts-bitcoin-rally\/","title":{"rendered":"BitMEX CEO Arthur Hayes Predicts Bitcoin Rally"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Arthur Hayes, CEO and co-founder of BitMEX, has predicted a massive Bitcoin<\/a> (BTC) rally and a significant pivot from central banks around the world. In response to the news that China\u2019s People\u2019s Bank has lowered the Reserve Ratio Requirement (RRR) by 0.25%, Hayes said he\u2019s targeting a $1 million price tag for Bitcoin. Hayes believes that China\u2019s move supports his thesis that more government intervention and infusions of capital are forthcoming.\n<\/p>\n

The Reserve Ratio Requirement is the percentage of reserves that a commercial bank must maintain as a percentage of their deposits. When the requirement is lowered, the amount that commercial banks can lend or invest rises. Hayes wrote a new essay on the subject, stating that the loosening of monetary policy is undoubtedly on the way.<\/p>\n

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Hayes suggested that the recently created Federal Reserve\u2019s Bank Term Funding Program (BTFP), aimed at ensuring banks meet all withdrawal requests by depositors, will lead to a larger Bitcoin rally than the pandemic-related quantitative easing measures if the amount is anything to go by. During the COVID money printing episode, Bitcoin rallied from $3,000 to $69,000<\/a>, and Hayes is questioning what it will do this time.\n<\/p>\n

Hayes also predicts that the ensuing Bitcoin and crypto rally will be one of the most hated ever. He wonders how Bitcoin and the crypto markets can rally sharply after all the negative events that occurred in 2022. Aren\u2019t people afraid of the narrative that Bitcoin caused the failure of large banks and almost consumed the US banking system?\n<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Arthur Hayes, CEO and co-founder of BitMEX, has predicted a massive Bitcoin (BTC) rally and a significant pivot from central banks around the world. In response to the news that China\u2019s People\u2019s Bank has lowered the Reserve Ratio Requirement (RRR) by 0.25%, Hayes said he\u2019s targeting […]<\/p>\n","protected":false},"author":5,"featured_media":18870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18869"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18869"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18870"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}