Bitcoin About To Enter ‘Up-Only Mode,’ According to BitMEX Founder Arthur Hayes – Here’s Why

Bitcoin

Bitcoin About To Enter ‘Up-Only Mode,’ According to BitMEX Founder Arthur Hayes – Heres Why

BitMEX co-founder Arthur Hayes believes one catalyst could suddenly send Bitcoin (BTC) to new all-time highs amid US President Donald Trumps tariff policies.

Hayes tells his 679,700 followers on the social media platform X that the sudden selling-off of US treasuries and rising 10-year bond yields is likely to result in the printing of more money, which has ignited massive Bitcoin rallies in the past.

Source: Arthur Hayes/X

Hayes also believes that the weakening of Chinas yuan due to central bank money printing may cause investors to move their wealth into Bitcoin as a hedge.

Lastly, Hayes says that banks will likely be granted a Supplementary Leverage Ratio (SLR) exemption being advocated for by JPMorgan Chase CEO Jamie Dimon. The exemption would allow banks to hold more Treasuries without increasing required capital reserves, giving banks more liquidity to lend.

Bitcoin is trading for $83,343 at time of writing, up 4.9% in the last 24 hours.