Former BitMex CEO Arthur Hayes has shared an insightful new essay titled "Are We There Yet?" In this piece, Hayes delves into the possibility of Bitcoin's price surging to $70,000, even if the Federal Reserve decides to not cut interest rates soon. His essay challenges conventional economic thinking and presents a compelling case for Bitcoin's resilience in today's economic landscape. Related Arthur Hayes Shares Epic Bitcoin Prediction as Financial Storm About to Hit Hayes begins by questioning the widely accepted notion that BTC's value is inversely correlated with rising interest rates. Hayes especially points out the importance of focusing on real rates in comparison to the rapid growth of the U.S. economy, rather than obsessing over nominal Fed rates. He argues that due to significant government spending and robust GDP growth, real yields on government bonds have turned negative. This, in turn, makes assets like Bitcoin attractive to investors. Interesting #Plebchain #Nostriches #Coffeechain #Coffeestr
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