
In a recent interview, BitMEX co-founder Arthur Hayes shed light on two crucial factors that he believes will set the stage for a significant bull run in the cryptocurrency industry.
In a statement with Crypto Banter, Hayes highlighted the transformative potential of artificial intelligence commercialization and the unparalleled money printing by the Federal Reserve.
When combined, he said, these elements will propel cryptocurrencies to exceptional peaks.
At the latest Token2049 event, Hayes unveiled his 'double happiness' theory, painting a picture of the bull market.
It was about the bull market that we're about to experience - that we're on the cusp of - and it is a combination of the most amount of money ever printed in human history in a two-to-three year period and the commercialization of AI and how that relates to crypto as the most transformative technological development that has ever happened in human history.
'' a sort of a risky asset around the world,'' he said.
The potential rise in debt from economic powerhouses such as the U.S., Europe, and China could be averted by Hayes' analysis, he said.
In a statement, Hayes said he was confident the government would make the right decision to end the bailout.
He astonished at the expected debt magnitude and highlighted the potential advantages of digital currencies.
I'm just so ridiculous how much money is going to be printed over the next two to three years while the central banks try to save the government bond markets that I'm just so bullish on Bitcoin, crypto, certain stocks, and so bearish on fiat just because there's going to be umpteenth more trillions of dollars of it, he said.
Arthur Hayes Slams Printing, saying Bitcoin's value set to rise.
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