Arthur Hayes: The crypto bull market is reawakening, long Bitcoin and altcoins

BitMEX founder Arthur Hayes released a new article "Group of Fools", stating that G7 central banks are trying to stabilize the market by narrowing the interest rate gap with the yen. The Bank of Japan cannot raise interest rates like other G7 countries because it holds a large amount of Japanese government bonds. Despite inflation rates being higher than the target, some central banks are still cutting interest rates. This will drive the recovery of the cryptocurrency market and recommend that investors increase their holdings of Bitcoin and other cryptocurrencies. The Fed is unlikely to cut interest rates at the upcoming June meeting, although this will have a significant impact on the USD/JPY exchange rate.

Arthur Hayes stated that the cryptocurrency bull market is reawakening and is about to pierce the skin of the spendthrift central bank governors. Go long on Bitcoin, and then go long on altcoins.