Arthur Hayes Explains Why Bitcoin Failed to Go Higher
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Visit – https://play.google.com/store/apps/details?id=com.freecryptosignals.app Hayes believes that AI's growing demand for capital has become a major headwind for bitcoin. BTC has been under tremendous pressure as it struggles below $63,000. Arthur Hayes said he believes the AI boom has absorbed a significant portion of newly created dollar liquidity, which, according to the BitMEX co-founder, explains why bitcoin has struggled to rally further despite a broader expansion in money supply. In a recent blog post, Hayes revisited his long-held belief that crypto markets are largely driven by fiat liquidity and acknowledged that he may have overlooked an important factor: where that liquidity was actually flowing. Bitcoin vs. AI Bitcoin should have performed much bet...