Cryptocurrency analyst names the factor that will cause the rapid growth of bitcoin

Arthur Hayes, the CEO of cryptocurrency exchange BitMEX, has named a factor that will lead to the resumption of bitcoin’s bullish movement. As Hayes told his 395,700 followers on the X platform, if the US Federal Reserve starts printing money again, the BTC will experience rapid growth.

One of the signals that the Fed will need to change course and support the US economy, according to Hayes, is the alarming situation in the bond market. According to him, long-term bond interest rates are rising faster than short-term ones. This yield curve pattern is often a bearish signal for stocks and risky assets.

«The sooner everyone realizes that there is no other way out but to print money to save the government bond markets, the sooner we will return to the cryptocurrency bull market,» the analyst emphasized.

It should be noted that in March 2022, the Federal Reserve began a series of interest rate hikes, which led to a decrease in liquidity in the financial markets. This had a negative impact on risky assets such as bitcoin. At the time of writing, BTC is trading at $ 27,633.

Arthur Hayes also supports the idea of merging AI and bitcoin. In his opinion, artificial intelligence will use bitcoin as the main means of payment to interact with people. However, Hayes is not sure when exactly artificial intelligence will switch to BTC. Such a scenario will certainly lead to an increase in the value of the market flagship, the expert emphasized earlier.