Arthur Hayes: Bitcoin may replicate the trend of March last year
BitMEX co-founder Arthur Hayes stated on his social media platform that the New York Community Bank may face unexpected losses due to issues with loan loss reserves, which could trigger a sell-off of its stocks. Therefore, the Federal Reserve might soon start printing money. He predicts that Bitcoin will be slightly sluggish, but if the New York Community Bank is sold off, regulators will immediately intervene for rescue and at that time Bitcoin will replicate its trend from March last year. Note: Bitcoin increased by 22.96% in March 2023.
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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