Hi HODLers, Hiveans and Lions,
Every crypto trader and investor is reading the BTC ETF approval news/rumors.
I always listen to people I consider smarter than average and who thinks out of the norm. Arthur Hayes is one of these people.
Arthur Hayes' new thesis
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Depletion of the Fed's reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said.
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Bitcoin could plunge 20%-30% in the rout but would quickly rebound, Hayes predicted.
In short, he thinks that liquidity is going to dry out for banks and the financial system in March which will cause another Banking and Market crisis.
He is quite transparent as he said he loaded cryptocurrencies in H2-2023 and consider the next few months as a no-trade zone.
He is expecting a potential healthy correction of 20 to 30% for $BTC. So I imagine more for Alts.
Instead of paraphrasing, here is a link to his last post on Friday.
Stay safe out there,
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