Premise: it is not a personal thought, not even a financial advice as I am not a broker. Contact an expert or always do your own research evaluating the positive and negative aspects (on cointelegraph.com you can also find market analyzes by experts who expect a short-term decline in the crypto market that could bring btc to 22k)
That said, according to Arthur Hayes, co-founder of BitMex, the bull market started in March 2023, when the Fed launched the 25 billion program to restabilize the US banking system (exactly, he claims March 10, the day when Silicon Valley Bank was taken over by the Federal Deposit Insurance Corporation). Since that day, the price of Bitcoin has risen by 26%. However, it seems that the market has not yet reacted as expected, but Hayes says it will in a period ranging from 6 to 12 months.
Finally, he believes that whether the FED raises interest rates again or not, we are still in a favorable condition for the cryptocurrency world. What do you think about it? Leave a comment, I'm very curious to know your opinion.
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