{"id":503464,"date":"2024-04-09T10:38:20","date_gmt":"2024-04-09T10:38:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=503464"},"modified":"2024-04-09T10:38:20","modified_gmt":"2024-04-09T10:38:20","slug":"arthur-hayes-says-crypto-assets-face-a-raging-firesale-around-the-bitcoin-halving-as-fed-uses-bag-of-tricks-to-bail-out-banks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/arthur-hayes-says-crypto-assets-face-a-raging-firesale-around-the-bitcoin-halving-as-fed-uses-bag-of-tricks-to-bail-out-banks","title":{"rendered":"Arthur Hayes Says Crypto Assets Face A “Raging Firesale” Around The Bitcoin Halving As Fed Uses \u201cBag of Tricks\u201d To Bail Out Banks"},"content":{"rendered":"

BitMEX co-founder Arthur Hayes said Bitcoin and crypto prices may slump around the time of the Bitcoin halving as US policymakers use a “bag of tricks” to bail out the financial system.<\/p>\n

The halving on Apr. 20 will also coincide with a period of tight dollar liquidity with tax payments due from April 15 to May 1, he said in a blog post<\/a>.<\/p>\n

“Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add propellant to a raging firesale of crypto assets,” he said. “April will experience extreme weakness in risky asset markets.”<\/p>\n

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\"Heatwave\" is an essay on why I'm bearish despite the recent move higher in #crypto<\/a> markets.https:\/\/t.co\/gZ8Vl1uC04<\/a> pic.twitter.com\/fH6docB499<\/a><\/p>\n

— Arthur Hayes (@CryptoHayes) April 9, 2024<\/a><\/p><\/blockquote>\n