Bitcoin Hits Rock Bottom… Or Does It? Arthur Hayes Spills the Beans! 🤔💰

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In a recent post on X, the ever-dramatic crypto magnate Arthur Hayes declared that Bitcoin (BTC) may have finally kissed the bottom during its wild dive to $77,000 on March 10. But hold your horses! Hayes, ever the cautious optimist, warned that while BTC may have reached its nadir, the stock market might still have more misery in store.

BTC Bottomed At $77,000? Arthur Hayes Thinks So… Sort Of

Former BitMEX bigwig Arthur Hayes, a man who has built a career on crypto drama, took to X to announce that BTC’s plunge to $77,000 might just have been the bottom. He pointed to the US Federal Reserve’s latest move—a not-so-cryptic sign that the era of quantitative tightening (QT) might be drawing to a close. Cue the applause (or not). Hayes said:

“JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE. Was BTC $77K the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.”

For those of you still trying to decode what that means, here’s the crash course: QT is the Fed’s way of slowly sucking the life out of the economy by selling off assets and letting bonds mature without reinvesting the proceeds. Meanwhile, inflation’s wobbles have convinced the Fed that it’s time to ease up on the throttle. The icing on the cake? From April 1, the Fed plans to slow its pace of balance sheet shrinkage—perhaps a signal for a crypto-friendly policy shift.

Hayes thinks the next big bullish triggers could involve some fancy footwork from the Fed, like a Supplementary Leverage Ratio (SLR) exemption or even a restart of Quantitative Easing (QE). For the uninitiated, QE is when the Fed turns on the printing presses, potentially pumping more liquidity into risk assets like Bitcoin. So, stay tuned, folks—it’s about to get wilder.

Axie Infinity co-founder Jeff Jirlin isn’t exactly breaking from the Hayes script, agreeing that an end to QT will be “great for both crypto and equity markets.” He’s also convinced that this current monetary squeeze is the tightest he’s witnessed since 2010, which, let’s face it, doesn’t exactly scream “party time.”

Bitcoin Not Quite Out of the Woods… Yet

So, is Bitcoin on the path to freedom? Not so fast. While the latest Fed comments have sparked some optimism, BTC is still not exactly cruising on Easy Street. The cryptocurrency recently plunged below a 12-year trend line against gold, prompting whispers of an approaching economic apocalypse. Oh, the drama.

Adding fuel to the fire, CryptoQuant CEO Ki Young Ju decided to throw some cold water on the parade by suggesting that the Bitcoin bull run might already be a thing of the past. Ouch. As of now, BTC is hovering at $85,203, a modest 2% increase in the last 24 hours. So, don’t pop the champagne just yet, people.

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2025-03-21 03:06