Arthur Hayes: Bitcoin Four-Year Cycle Dead Due to Monetary Policy Shift

TLDR Arthur Hayes declares Bitcoin’s four-year cycle dead due to monetary policy changes replacing halving-driven patterns. Bitcoin cycles historically ended during monetary tightening, not predetermined timing, Hayes argues. Current cycle features $2.5 trillion Treasury liquidity injection and Fed rate cuts despite elevated inflation. China’s shift from deflation to neutral policy removes major headwind that killed [...]

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