Former Bitmex CEO Arthur Hayes predicts a bitcoin bull market in the last two quarters of 2023. Hayes believes that the U.S. Federal Reserve will be unable to control inflation, causing the national debt to lose its appeal for foreign investors due to sanctions. This will lead to a surge in interest rates and a rise in bitcoin's value. Hayes also predicts a shift in deposits from small and medium-sized financial institutions to larger banks and money market funds.
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