The co-founder of the cryptocurrency exchange BitMEX, Arthur Hayes, has expressed his bullish stance on the industry, saying that he thinks the market is about to go into a bull phase following the recent disaster brought on by the SVB liquidation and the USDC's depegging. The timing of Hayes' statement coincides with a period of extreme market volatility, which is caused by the popular stablecoin USDC's depegging resulting in a large market-wide price decline.