Arthur Hayes, founder of BitMEX, published the latest article "Group of Fools", saying that the central banks of the G7 countries are trying to stabilize the market by narrowing the interest rate difference with the yen. The Bank of Japan is unable to raise interest rates like other G7 countries due to its large holdings of Japanese government bonds. Some central banks are still cutting interest rates despite the inflation rate being above target. This will promote the recovery of the cryptocurrency market and advise investors to increase their holdings of Bitcoin and other cryptocurrencies. The Federal Reserve is unlikely to cut interest rates at its upcoming June meeting, although it has important implications for the USD/JPY exchange rate.
Arthur Hayes said that the crypto bull market is reviving and is about to pierce the skin of profligate central bankers. Go long bitcoin, then go long counterfeit products.
Arthur Hayes: Crypto bull market is reviving, long bitcoin and counterfeit products
2024-06-07 01:36:59
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