Cryptocurrencies are anticipated to have significant volatility in the second half of April pertaining to Bitcoin halving.
Arthur Hayes, co-founder of BitMEX said, “The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks.”
Views of Arthur Hayer
On April 8, he shared in a blog post that he believed that Bitcoin halving would push up prices in the medium and short term but told that crypto prices could move in the negative direction before and after the event.
He wrote, “The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs.”
Crypto market enthusiasts believe that around the time of bitcoin halving liquidity of dollar will also be lower than usual. Hayes believes that his theory on the impact of United
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