Arthur Hayes just posted—he’s the co-founder of BitMEX. His core point is: before each round of a super bull market kicks off, the market has to first get over a “wall”—a wall built out of all kinds of worries. He also laid it out: on that wall in 2017 it was the debate over block size; in 2020 it was the pandemic; in 2023 it was the collapse of FTX plus the central bank’s rate hikes. Now for 2026, the panic on this cycle has been triggered by AI and related crypto technologies. His conclusion is very straightforward: a wave of money-printing is coming, and asset prices will eventually surge.
My own takeaway after reading: the metaphor of this “wall of worries” really is vivid—like a market before daybreak when everything is still dim and the stalls are coldly empty, with nobody willing to step in. Then once the crowd starts to bustle, people rush in and elbow for spots, and the best places are already taken. In a way, he’s counting a pattern out of history: every new market cycle begins with scary bad news hanging in the air. But one thing has to be kept clear: as of today, the “money-printing wave” is still his judgment, not a fact that’s already happened. How much the “faucet” opens, and exactly when it opens, has to be answered by the subsequent real liquidity data. For assets like $BTC , that serve as a market anchor, this is more like a narrative and sentiment signal: old money is setting the tone for the current panic—nothing more. Other people’s beliefs can’t automatically be taken as your own certainty.
#加密货币 #行业动态 #Market Watch
The news is real; the money is yours. The above does not constitute any investment advice—please judge risks for yourself.
My own takeaway after reading: the metaphor of this “wall of worries” really is vivid—like a market before daybreak when everything is still dim and the stalls are coldly empty, with nobody willing to step in. Then once the crowd starts to bustle, people rush in and elbow for spots, and the best places are already taken. In a way, he’s counting a pattern out of history: every new market cycle begins with scary bad news hanging in the air. But one thing has to be kept clear: as of today, the “money-printing wave” is still his judgment, not a fact that’s already happened. How much the “faucet” opens, and exactly when it opens, has to be answered by the subsequent real liquidity data. For assets like $BTC , that serve as a market anchor, this is more like a narrative and sentiment signal: old money is setting the tone for the current panic—nothing more. Other people’s beliefs can’t automatically be taken as your own certainty.
#加密货币 #行业动态 #Market Watch
The news is real; the money is yours. The above does not constitute any investment advice—please judge risks for yourself.