Arthur Hayes: Bitcoin may replicate the trend of March last year
On February 1st, Arthur Hayes, co-founder of BitMEX, stated on his social media platform that New York Community Bank's unexpected losses due to loan loss reserves may lead to stock selling, which could prompt the Federal Reserve to start printing money soon.
Bitcoin is expected to be slightly sluggish, and if New York Community Bank is sold off, regulators will immediately provide assistance, and Bitcoin will replicate its performance in March of last year (BlockBeats note: Bitcoin rose 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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