Arthur Hayes: The Four-Year Cycle of BTC Has Become Invalid
Jinse Finance reported that BitMEX founder Arthur Hayes stated in an article on October 9 that the Bitcoin/USD price cycle has gone through three cycles, with a historical all-time high (ATH) occurring every four years. Therefore, traders hope to use historical patterns to predict the end of the current bull market cycle. Arthur Hayes reviewed the relationship between the price (i.e., interest rates) and quantity of major currencies such as the US dollar and the previous cycles in Bitcoin's history. Each credit expansion triggered a Bitcoin bull market, while a slowdown or contraction in credit ended the bull market. Recently, Washington has made it clear that money will become cheaper and more abundant. With the expectation that this highly likely future will become reality, Bitcoin will continue to rise. Therefore, the four-year Bitcoin cycle is no longer valid.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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