BitMEX co-founder Arthur Hayes says he’s preparing for a massive Bitcoin and crypto rally as the Biden Administration fights to contain contagion from spreading through the American banking system.
In a series of tweets, Hayes says he believes the Federal Reserve will be forced to completely stop its rate hikes and begin to inject money back into the system, paving the way for an influx of capital into risk assets and particularly the crypto markets.
The prediction comes as the US banking crisis continues, with First Republic Bank shares down 75% on Monday as investors scramble to reassess their portfolios and as individuals and corporations examine the safety of their assets within the nation’s regional banks.
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Hayes says he believes the outcome is already clear.
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