Arthur Hayes: The bottom of Bitcoin may be $77,000, the stock market might have to go through more fluctuations
ChainCatcher news, Arthur Hayes posted on X platform saying: "Powell has fulfilled his promise, and quantitative tightening (QT) basically ended on April 1st. Next, if we want to truly drive the market into a bull market, either resume the supplementary leverage ratio (SLR) exemption policy or restart quantitative easing (QE). Bitcoin at $77,000 may be the bottom; there is such a possibility. However, the stock market may have to go through some fluctuations before Jay (Powell) completely leans towards Trump's team. So everyone needs to stay flexible and keep cash on hand."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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