Bitcoin: Trump’s Recession Gamble for a Crypto Boom 🤑💥

Oh, lookie here! Arthur Hayes, the ex-BitMEX boss, has a spicy new blog post, “KISS of Death.” He’s all about that Bitcoin million-dollar dream under Trump 2.0, but first? Recession party! 🎉

Hayes is all about the “KISS” – Keep It Simple, Stupid. He’s like, “Chill, people. Just watch the money flow.” Sensational headlines? Pfft, who needs ’em? Just keep an eye on the credit and interest rates, folks.

“One minute you’re buying, the next you’re selling ’cause of some headline,” Hayes warns. “Then boom, your stack’s gone.” His advice? Stick to the basics: if the government prints money like it’s going out of style, Bitcoin’s gonna shine.

Hayes reckons Trump’s all about that “America First” agenda, and he’s not about to go all Andrew Mellon on us. Trump wants to be the 21st-century FDR, not Hoover. So, credit conditions? Loosened, baby!

Hayes talks about Trump’s wild plan to slash spending, trigger a recession, and make the Fed play ball with rate cuts and liquidity. Enter DOGE, led by the one and only Elon Musk, ready to expose all the government’s dirty secrets. 🕵️‍♂️

Trump and DOGE are on a firing spree, and recession might be knocking on our door. But fear not, Federal Reserve Chair Jerome Powell (AKA “turncoat traitor”) will save the day with rate cuts and QE. 🙌

Hayes is all about the numbers: $2.08 trillion in corporate debt, $10 trillion in Treasury debt, and a potential liquidity injection of $2.74 to $3.24 trillion. Bitcoin’s price? Sky’s the limit, baby!

Hayes sees Bitcoin possibly dipping to $70,000 to $80,000 in the short-term, but he’s not sweating it. “Bitcoin’s the king of dips and rises,” he says. So, hold on tight and don’t panic-sell!

In the end, Hayes believes the “Kiss of Death” is more about the struggling fiat system than Bitcoin’s doom. Short-term chaos? Just a stepping stone to more monetary expansion. 🚀

Final word from Hayes? “Let the politicians do their thing, and just buy Bitcoin.” Simple, right? 🤑

Oh, and BTC is currently at $83,725. Not too shabby!

Read More

2025-03-04 17:55