Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why

Quick Summary:

He states, “Obviously, Bad Gurl Yellen will only stop once she has done everything possible to ensure Kamala Harris is elected as the US President.” Hayes predicts that Yellen might deplete the Treasury General Account (TGA) to prompt a favorable market reaction and instruct Federal Reserve chair Jerome Powell to cease quantitative tightening (QT) and restart quantitative easing (QE).

Related Reading: Solana (SOL) Is Truly In Limbo’ If This Happens, Warns Crypto Analyst "The effects of global fiscal policies to fight the COVID pandemic ended an era of deflation and ushered in an era of inflation,” Hayes states, emphasizing the delayed recognition of these inflationary impacts by central banks, which led to reactionary rather than preventative measures.

Related Reading: Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why He suggests a direct correlation between Federal Reserve policies, dollar liquidity conditions, and the Bitcoin price.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustriaChina

Topics: Cryptocurrency Market News Crypto bull run Arthur Hayes Bitcoin Crypto Crypto news Cryptocurrencies Btc Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 14:00:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 815 words

Reading Time: 5 minutes read

Sentences: 70 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22366985

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