Arthur Hayes: Bitcoin will hit a new all-time high before year-end
- —Hayes expects a new BTC all-time high before year-end
- —Three-stage scenario: rally, correction, second wave of growth
- —A bet on Fed policy easing and growth in money supply
- —Wu Blockchain notes: Hayes's past forecasts have been inaccurate
Why it matters: The forecast sets a bullish narrative ahead of the Fed's rate decision, but Hayes's forecasts have historically had low accuracy.
Source: Journal du Coin