News

Jinse Finance reported that BitMEX founder Arthur Hayes stated in an article on October 9 that the Bitcoin/USD price cycle has gone through three cycles, with a historical all-time high (ATH) occurring every four years. Therefore, traders hope to use historical patterns to predict the end of the current bull market cycle. Arthur Hayes reviewed the relationship between the price (i.e., interest rates) and quantity of major currencies such as the US dollar and the previous cycles in Bitcoin's history. Each credit expansion triggered a Bitcoin bull market, while a slowdown or contraction in credit ended the bull market. Recently, Washington has made it clear that money will become cheaper and more abundant. With the expectation that this highly likely future will become reality, Bitcoin will continue to rise. Therefore, the four-year Bitcoin cycle is no longer valid.

Foresight News: According to The Block, the Base team has posted a job opening for a "Token and Governance Research Specialist." This position is part of the Business Operations and Strategy team and is mainly responsible for developing the network's potential token and governance roadmap. The role will "define potential token objectives and develop a phased decentralization governance roadmap for the Base chain and its ecosystem."