BitMEX Co-Founder Forecasts Bitcoin Bull Run in 6-12 Months
According to former BitMEX CEO Arthur Hayes, the crypto market has failed to recognize that the Bitcoin bull run commenced months ago. In a speech at Korea Blockchain Week, Hayes pinpointed March 10th as the bull market’s start. On this date, the FDIC took over Silicon Valley Bank as other major banks faltered. Hayes argues the Fed’s subsequent emergency lending programs to stabilize banks revealed structural flaws. Additionally, he mentioned that it spurred investors towards assets like Bitcoin with fixed supplies. Also read: Ripple: Report Shows XRP Stumbling Despite Positive Court Ruling Source – FinanceFeeds BitMEX co-founder predicts bull run acceleration in 6-12 months While the wider market hasn’t reacted yet in his view, Hayes predicts this capital flight into crypto will become apparent over the next 6–12 months. He expresses confidence that Bitcoin will stay strong whether central banks tighten or loosen monetary policy in the future. Hay...