As the cryptocurrency community gears up for the highly anticipated Bitcoin halving around April 20, opinions are divided on its immediate and long-term impact., Arthur Hayes expressed his belief that while the halving might eventually pump prices in the medium term, the asset could slump both before and after the event.could lead to unexpected market movements. “When most market participants agree on a certain outcome, the opposite usually occurs,” he stated.
According to his analysis, reducing block rewards for miners and tighter dollar liquidity could result in a “firesale” of crypto assets, driving prices downward.of these potential market movements, Hayes revealed his decision to abstain from trading until May, emphasizing the need to exercise caution in such uncertain times.
According to him, the Fed and Treasury are shifting their policy direction to encourage bankrupt banks to use the discount window to avoid bankruptcy.
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