Arthur Hayes: We Are Currently in a Crypto Bull Market, Bitcoin to Skyrocket After Breaking $90,000

BlockBeats News, May 12th: BitMEX co-founder Arthur Hayes stated in his latest article, "The Butterfly Touch," that he expects the liquidity of the US dollar and the Chinese yuan to continue to rise, benefiting Bitcoin and cryptocurrencies.

Bitcoin bottomed out earlier this year at $60,000 and is poised to reclaim $126,000, driven by the creation of trillions of dollars and yuan behind it. Many haters will refuse to participate in this Bitcoin rally as it has significantly lagged behind tech stocks and gold over the past 24 months. Many fail to understand the significance of Bitcoin as a hedge against unbridled money printing. However, it will demonstrate its sensitivity to fiat liquidity expansion.

Hayes believes that the rally will intensify as many bearish option sellers will scramble to close their positions after Bitcoin breaks $90,000, making the price trajectory explosive. He has no idea how high Bitcoin can rise but will push Maelstrom's portfolio to maximum risk unless any drastic changes occur.

It is expected that by the time of the mid-term elections in November, the US political attitude towards AI and inflation will become very hostile. This may serve as a minor speed bump in the rally. It is now time to start investing in altcoins, with NEAR being the next favored altcoin after Hyperliquid ($$HYPE) and Zcash ($$ZEC). It is expected to elaborate on the argument in the next article—why the privacy narrative combined with Near's intent will create a positive cash flow for the protocol. This will reverse the token's catastrophic price performance and create an opportunity to make a large profit as the token quickly approaches its historical highs from years ago. It's a bull market now; close your eyes and press the button. There will be a time to sell, but it's not now.