Arthur Hayes descends the recovery of the bitcoin price as it is the dawn

The next time, the next time, the next time, US President Donald Trump will send market definitions with customs tariffs, Bitcoin investors will not flash.

in Blog post On Tuesday, Hayes, co -founder of Bitmex, wrote that the last recession from Bitcoin to $ 74,500 represents the bottom of the assets, and it will become “UP Up only” like gold.

“Bitcoin will get rid of its association with technology stocks and will join gold in the” UP Only “bosom position,” Hayes wrote.

recovery

Bitcoin exceeded $ 93,000 on Wednesday and increased by 25 % of its lowest level in March in the past few days.

Recovery along with the recovery of the wider market. On Wednesday, American stock futures had led to the Trump administration indicating its intention to negotiate Commercial deal With China.

But Hayes said that Bitcoin had reached a pivotal stage by separating it from the stock market.

Since the Covid-19 pandemic, Bitcoin and the rest of Crypto have tracked the shares largely, especially technology shares, as the origin of “risk”. This made the encoded currency vulnerable to monetary policy by the federal reserve, as well as the forces of the macroeconomic economy such as inflation.

Now hayes is part of a group of Bitcoin investors who say it finally fulfills its fate as a store or a haven, such as gold. This must make it useful as a hedge against panic in the market.

“Any investor with US shares and bonds is looking for something that is hostile to the institution,” Hayes wrote. “Physically, this gold [and] Digital, this is Bitcoin. “

Hedge

Gold was traded at $ 3,300 an ounce on Wednesday and rose 43 % in the past 12 months.

The sudden shift in Bitcoin behavior has been required for a long time by Maxis.

For years, skeptics mocked his alleged role as a hedge against macroeconomic risks, especially after failing to provide a safe port during the two -number increase in consumer prices in the United States and Europe in 2022 and 2023.

The separation of Bitcoin is certainly in its early stages and is still the opposite.

However, Bernstein analysts indicated that Bitcoin’s performance surpassed Nasdak during customs tariff disorders was “amazing”. Eric Balunas, ETF analyst in Bloomberg Intelligence, said Bitcoin was Actually offered a negative connection to the errors.

While Bitcoin receives the skin of the technological agent, Hayes said the price may reach $ 5,000. I have already expected that bitcoin Jumping to $ 250,000 this year.

Other market observers also expect a great return to Bitcoin.

Zach Bandel, the head of the Ayadion Research, told DL news This week, Bitcoin price in April verified the health of its site as “Various walletIt was imperative that the price of $ 108,000 would exceed $ 108,000 this year.

Motors for the encryption market

• Bitcoin has increased by 6 % over the past 24 hours to trade at $ 93,721.
• ETHEREUM increased by 10.8 % during the same period to $ 1813.

What we readZ

Osato Avan-Nomayo He is a Nigeria -based Devi correspondent. It covers Defi and Tech. To share tips or information about stories, please contact it on osato@dlNews.com.