Bitcoin Enters ‘UP ONLY’ Mode: Arthur Hayes Advises ‘Buy Anything’
Arthur Hayes, co-founder of BitMEX, recently stated that Bitcoin has entered an ‘UP ONLY’ phase, indicating the potential for a significant price rally.
This statement comes after signals from the Federal Reserve (The Fed) suggesting a possible intervention to maintain market stability.
Signs of a Fed Intervention
Hayes highlighted the rising bond yields, particularly the 10-year U.S. Treasury rate surpassing 4.5%, as a sign of market pressure that could trigger intervention from the Fed.
According to him, this situation could prompt the Fed to inject fresh liquidity into the market, creating a favorable environment for risk assets like Bitcoin.
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A Call to Accumulate Crypto Assets
In a post on platform X on April 11, Hayes advised investors to consider broad exposure to the crypto market.
He believes that now is the right time to accumulate crypto assets in anticipation of a strong market rally.
The Fed Is Ready to Act
Susan Collins, President of the Federal Reserve Bank of Boston, stated that although markets are still functioning normally, the Fed is ready to act if liquidity starts to dry up.
She emphasized that the central bank has a variety of tools to ensure market stability, although cutting interest rates is not currently their primary option.
Conclusion
With the combination of market pressure and the possibility of Fed intervention, Hayes views this as a crucial moment for Bitcoin.
He emphasized that this crypto asset could “skyrocket” once the policy is officially announced.
For investors, this could be a signal to start accumulating crypto assets in preparation for a potential market rally.