It has been just revealed that there is a single important catalyst that will be making BTC and the whole crypto markets explode. Check out the latest reports about this below.
Crypto markets to see massive explosion
BitMEX co-founder, Arthur Hayes, has shared his prediction about the event that will trigger a full-scale bull market for Bitcoin (BTC) and crypto.
According to Hayes, it won’t be the approval of a spot BTC exchange-traded fund (ETF). In a recent blog post, he expressed his thoughts on how President Joe Biden’s support of Israel may lead the US into another open-ended conflict.
Hayes believes that this conflict and the resulting fears of wartime inflation will lead to a rise in the value of Bitcoin and gold.
“Directly after the Biden speech, Bitcoin – along with gold – is rallying against a backdrop of an aggressive selloff in long-end US Treasuries. This isn’t speculation as to an ETF being approved – this is Bitcoin discounting a future, very inflationary global world war situation.”
He continued and said the following:
“And the end game, when yields get too high, is for the Fed to end all pretense that the US Treasury market is a free market. Rather, it will become what it truly is: a Potemkin village where the Fed fixes the level of interest at politically expedient levels. Once everyone realizes the game we are playing, the Bitcoin and crypto bull market will be in full swing.
This is the trigger, and it’s time to start rotating out of short-term US Treasury bills and into crypto.”
Bitcoin has been in the spotlight a lot these days and most predicitons surrounding the most important digital assets are extremely optimistic.
Check out the following tweet that Bitcoin Magazine shared and see the video.
🇲🇽 Billionaire Ricardo Salinas: You should buy #Bitcoin because "they aren't making any more of it."
"There will only be 21 million Bitcoin for the whole planet." pic.twitter.com/SchSl6sfqK
— Bitcoin Magazine (@BitcoinMagazine) October 24, 2023
Stay tuned for more news from the crypto space.