Arthur Hayes warns of a potential Bitcoin dip to $90,000 before the next bull run, attributing it to liquidity tightening and market correction signals from the Federal Reserve.
Hayes highlights the role of bank stablecoins in reshaping market liquidity and predicts a possible injection of trillions into the crypto market through regulated USD-backed tokens.
He emphasizes the impact of traditional banks issuing stablecoins, backed by regulatory support and access to the Federal Reserve system, on the movement of liquidity within the crypto market.
Hayes suggests that bank-issued stablecoins could lead to a significant inflow of liquidity into crypto and tech stocks, potentially driving the next major bull market.