Arthur Hayes emphasized that Bitcoin has taken gold’s place as the leading fiat liquidity indicator and, as a 24-hour market, reflects global monetary conditions.
He said that Bitcoin’s role in financial markets has changed as governments and central banks have become increasingly involved in the economy through aggressive monetary policies. As a result, the asset’s price is now more sensitive than ever to macroeconomic trends, particularly changes in interest rates and increased liquidity.

Arthur Hayes has warned that the price of Bitcoin could fall to $70,000 if large hedge funds close their positions in Bitcoin exchange-traded funds (ETFs) in the United States.👌💥