Arthur Hayes: If the Federal Reserve launches a bailout, Bitcoin may replicate the trend of March last year
Arthur Hayes, co-founder of BitMEX, wrote on X platform that New York Community Bank (NYCB) may experience unexpected losses due to loan loss reserves, which may trigger stock sell-offs and prompt the Federal Reserve to start printing money soon.
Bitcoin is expected to experience a slight decline. If stocks such as NYCB are sold off, the government will immediately provide assistance, and Bitcoin will follow the trend of March last year (Bitcoin rose by about 20% in March 2023).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash Rockets Past Key Resistance Point, Ignites Market Interest
In Brief Zcash surpassed a key resistance level, capturing market attention. The price reached 45.80 dollars, the highest since January's end. Experts warn that relying solely on technical data isn't sufficient for analysis.
Institutional Investment Surges in Bitcoin, Ethereum ETFs
Lido’s Swift Action Averts Major Ethereum Staking Loss
Nakamoto Raises $710M, Merges with KindlyMD to Boost Bitcoin Holdings
Trending news
MoreCrypto prices
More
