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BitMEX Founder Arthur Hayes Predicts Bitcoin Bull Market Ahead, Expects Fireworks in Late 2021

Arthur Hayes, the founder of BitMEX exchange, has predicted a bullish future for Bitcoin despite the current reduced crypto market activity. Hayes believes that the Federal Reserve's rate hike will trigger a Bitcoin bull run as wealthy asset holders who receive interest payments from the Fed will likely purchase risk assets such as Bitcoin. He expects the real Bitcoin bull market to begin in the late third and early fourth quarter of this year. Hayes also notes that the American summer months tend to disappoint in terms of trading volumes and volatility, but he remains confident that Bitcoin will hold firm.

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