Arthur Hayes: Bitcoin Will Grow on Central Bank Policies

According to Arthur Hayes, co-founder of the crypto exchange BitMEX, central banks will resume their printing of money in 2024.

This is expected to boost economic activity by providing money for loans and investments. As a result, there will be an increased demand for alternative assets such as gold and Bitcoin, with the latter potentially reaching new highs in a long-lasting rally.

Additionally, the launch of spot Bitcoin ETFs in the US will contribute to the cryptocurrency’s value.

Hayes emphasized that the current crisis will force politicians and bureaucrats to print more money, which will flow into the financial system and potentially create a new bull market.