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Cryptoverse

@cryptoverse

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190 Followers
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Arthur Hayes has introduced a new article "Water, Water, Every Where" Key points: ▫️As the RRP fell from its high, Bitcoin pumped off the lows. As you can see, it’s a very tight relationship. As money leaves the Fed’s balance sheet, it adds liquidity, which causes finite financial assets such as Bitcoin to go to the moon. ▫️ In any case, I expect that crypto will exit its sideways-to-downward trajectory starting in September. As such, I will take advantage of this late northern hemispheric summer weakness to load up on crypto risk. ▫️The next stop for Bitcoin is $100,000, and $1 million Bitcoin. ▫️ AFTER the US debt ceiling is raised. I expect that to happen sometime in January or February. ▫️Alt szn will return only after Bitcoin and Ether decidedly break through $70,000 and $4,000, respectively. https://cryptohayes.substack.com/p/water-water-every-where
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