ArthurHayes predicts that monetary policy changes in the U.S. will lead to Bitcoin Rebound

Arthur Hayes expressed optimism about Bitcoin's trajectory in his latest blog post, "May Danger". Hayes gave a detailed analysis of the possible impact of recent changes in US monetary policy on the encryption market. Hayes noted that the Fed's decision to reduce the pace of balance sheet reduction from $95 billion to $60 billion per month essentially equates to an additional $35 billion in liquidity per month. At the same time, the U.S. Treasury Department revealed in its latest quarterly report on borrowing new and repaying old that it will issuance short-term Treasury bonds with maturities of 4, 6 and 8 weeks in the near future to meet funding needs until the end of May. The move is expected to bring additional USD liquidity to the market. Hayes also mentioned that after the failure of Republic First Bank, a small bank in the United States, the Federal Deposit Insurance Corporation (FDIC) used insurance funds to protect the interests of all depositors to avoid a deposit bank run. This means that the US authorities have essentially added $6.7 trillion in contingent liabilities to the national banking system. Hayes believes that the above factors will continue to inject dollars into the market, reducing downward pressure on Crypto Assets and driving Bitcoin to stabilize and Rebound in the coming months. He predicts that Bitcoin may have bottomed out around $58,600 and will return above $60,000 and consolidate in the $60,000-70,000 range until the end of the northern hemisphere summer. He also revealed that he is optimistic about the Rebound and is currently Buy the Dips SOL contour beta Token.