BitMEX Co-Founder Arthur Hayes Says BTC Bull Market Is in Progress
Bitcoin BitMEX Co-Founder Arthur Hayes Says BTC Bull Market Is in Progress Segundo 18 atrás Notícias do Bitcoin Ethereum Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea Blockchain Week, Hayes said the bull run began when the Federal Deposit Insurance Corporation (FDIC) took over Silicon Valley Bank (SVB). That was on March 10. The same period also saw other prominent financial institutions such as Silvergate Bank and Signature Bank collapse, necessitating the need for authorities to step in. To this end, the Federal Reserve floated a $25 billion program called the Bank Term Funding Program (BTFP). The BTFP, as it were, was aimed at stabilizing the US banking system. According to Hayes, the Fed realized that the problem lay with the whole banking system, and thought









