Bitcoin Price Prediction as Crypto Billionaire Arthur Hayes Says BTC Will Benefit From Fed's 'Fiat Toilet Paper' Printing – Time to Buy?

BitMEX co-founder, Arthur Hayes, projects an optimistic outlook for Bitcoin, especially in light of the Federal Reserve's current monetary policies.

He critiques the Fed's efforts to control inflation, emphasizing that assets like Bitcoin, which possess a finite supply, are set to prosper.

Hayes's recent blog post delves into the Federal Reserve's strategies, pinpointing the contradiction in expanding the Reverse Repo Program (RRP) and Interest on Reserve Balances (IORB) payments.

These measures, he argues, effectively counteract the intended effects of quantitative tightening.

#BTC $BTC