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Bitcoin Billionaire: Bearish Halving Incoming? 🐻

Bitcoin Billionaire: Bearish Halving Incoming? 🐻

Arthur Hayes predicts a crypto "slump" around the halving.

Stephen Graves
April 09, 2024

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📝 What you need to know

Bitcoin billionaire Arthur Hayes sounded a note of caution on the cryptocurrency’s upcoming halving, arguing that it could see prices slumping, rather than soaring. He expects that risky assets like crypto will have a tough time until May. His comments came as fund manager CoinShares indicated that investor enthusiasm for Bitcoin ETFs is “moderating,” in a new report.

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💬 Quote of the Day

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“The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs.”

- Arthur Hayes, BitMEX co-founder and former CEO

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