BitMEX co-founder Arthur Hayes believes one catalyst may all of the sudden ship Bitcoin (BTC) to new all-time highs amid US President Donald Trump’s tariff insurance policies.
Hayes tells his 679,700 followers on the social media platform X that the sudden selling-off of US treasuries and rising 10-year bond yields is prone to end result within the printing of more cash, which has ignited large Bitcoin rallies previously.
“It’s on like Donkey Kong. We will probably be getting extra coverage responses this weekend if this retains up. We’re about to enter UP ONLY mode for BTC.”
Hayes additionally believes that the weakening of China’s yuan as a consequence of central financial institution cash printing could trigger traders to maneuver their wealth into Bitcoin as a hedge.
“No deal. PBOC (Folks’s Financial institution of China) continues a really gradual yuan weakening. Sh*t ’bout to get spicy. Fortunately, BTC loves cash printing and related CNY (Chinese language yuan) weak spot.”
Lastly, Hayes says that banks will possible be granted a Supplementary Leverage Ratio (SLR) exemption being advocated for by JPMorgan Chase CEO Jamie Dimon. The exemption would permit banks to carry extra Treasuries with out rising required capital reserves, giving banks extra liquidity to lend.
“What Jamie Dimon needs, Jamie Dimon will get. SLR exemption is what we have to ship BTC orbital.”
Bitcoin is buying and selling for $83,343 at time of writing, up 4.9% within the final 24 hours.
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