Co-founder of crypto exchange BitMEX Arthur Hayes said that central banks will restart the printing press in 2024.
In order to stimulate productive activity, the authorities will start issuing money that will go into the economy in the form of loans and investments.
In this situation, the demand for alternative instruments will grow. The most popular of them will be gold and bitcoin. The rally may turn out to be long-term in 2024, and the digital currency will renew the maximum.
The launch of bitcoin-ETF spot crypto funds in the US will also contribute to the increase in the value of the first cryptocurrency.
BitMEX co-founder emphasized:
“The crisis will force politicians and bureaucrats to run the printing press. Money will flood from central banks into the financial system and we will enter a new bull market phase.”