Arthur Hayes, the co-founder of the BitMEX crypto exchange, has predicted that the quantitative easing (QE) measures that several governments are adopting will benefit Bitcoin and the broader crypto market. He also revealed how market participants could benefit from this projected price boom for BTC.
Arthur Hayes Expects Bitcoin To Benefit From Money Printing
Hayes suggested that Bitcoin will benefit from world governments printing more money to suppress volatility. In his recent blog post, ‘Volatility supercycle,’ he stated that all this fiat must go somewhere and remarked that it will find its way into Bitcoin and crypto. He added that BTC “is the most technically sound way in this modern digital world to balance the profligacy of the ruling elite.”
Arthur Hayes’ statement follows the recent US Fed rate cuts and China’s stimulus package to revive its economy. The People’s Bank of China (PBoC) Governor Pan Gongsheng announced rate cuts in the reserve ratio requirement an
We współpracy z: https://coingape.com/arthur-hayes-predicts-bitcoin-will-benefit-from-volatility-supercycle/
