Arthur Hayes discusses Bitcoin’s resilience as an investment in a rapidly evolving financial landscape.
Hayes had previously predicted that Bitcoin would reach this level after March, but the Fed had increased interest rates three times between March and the current period. Hayes noted that Bitcoin’s price performance is influenced by the market’s perception of real interest rates, which take into account inflation and other economic factors., ‘Are we there yet,’ Hayes explained that the general notion suggests that when interest rates rise, the prices of risky financial assets like Bitcoin should fall.
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