Bitcoin About To Enter ‘Up-Only Mode,’ According to BitMEX Founder Arthur Hayes – Here’s Why

BitMEX co-founder Arthur Hayes believes one catalyst could suddenly send Bitcoin ( BTC ) to new all-time highs amid US President Donald Trump’s tariff policies. Hayes tells his 679,700 followers on the social media platform X that the sudden selling-off of US treasuries and rising 10-year bond yields is likely to result in the printing of more money, which has ignited massive Bitcoin rallies in the past. “It’s on like Donkey Kong. We will be getting more policy responses this weekend if this keeps up. We are about to enter UP ONLY mode for BTC.” Source: Arthur Hayes/X Hayes also believes that the weakening of China’s yuan due to central bank money printing may cause investors to move their wealth into Bitcoin as a hedge. “No deal. PBOC (People’s Bank of China) continues a very gradual yuan weakening. Sh*t ’bout to get spicy. Luckily, BTC loves money printing and associated CNY (Chinese yuan) weakness.” Lastly, Hayes says that banks will likely be granted a Supplementary Leverage Ratio (SLR) exemption being advocated for by JPMorgan Chase CEO Jamie Dimon. The exemption would allow banks to hold more Treasuries without increasing required capital reserves, giving banks more liquidity to lend. “What Jamie Dimon wants, Jamie Dimon gets. SLR exemption is what we need to send BTC orbital.” Bitcoin is trading for $83,343 at time of writing, up 4.9% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin About To Enter ‘Up-Only Mode,’ According to BitMEX Founder Arthur Hayes – Here’s Why appeared first on The Daily Hodl .

The Daily Hodl

You can visit the page to read the article.
Source: The Daily Hodl