Cryptoverse
@cryptoverse
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Arthur Hayes has introduced a new article "Water, Water, Every Where"
Key points:
โซ๏ธAs the RRP fell from its high, Bitcoin pumped off the lows. As you can see, itโs a very tight relationship. As money leaves the Fedโs balance sheet, it adds liquidity, which causes finite financial assets such as Bitcoin to go to the moon.
โซ๏ธ 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.
โซ๏ธThe next stop for Bitcoin is $100,000, and $1 million Bitcoin.
โซ๏ธ AFTER the US debt ceiling is raised. I expect that to happen sometime in January or February.
โซ๏ธAlt 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 0 reply
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