Bitcoin To Outperform Stocks In 2023, Billionaire Arthur Hayes Says

The optimistic Bitcoin predictions continue to pour into the crypto space. The latest one comes from the billionaire Arthur Hayes. Check it out below.

It’s been just reported by the online publication, the Daily Hodl, that the popular crypto capitalist Arthur Hayes is unveiling a massively bullish catalyst for Bitcoin (BTC). It’s been revealed that this would allow the king coin to outperform the equities markets in 2023.

In a new interview with crypto strategist Scott Melker, the billionaire stated that he expects the Federal Reserve to finally loosen its monetary policies next year due to a gloomy macroeconomic backdrop.

“Next year sometime, I believe that the Fed is going to have to pivot. That’s mainly due to the fact that I believe that the treasury market and probably the investment-grade corporate bond market are going to become dysfunctional. What do I mean by that?”

Hayes continued and said the following:

“You have a bunch of supply with no buyers. The Fed is not buying, the Treasury is not buying – they’re actually issuing paper. All large foreign, non-US governments are mostly net sellers of treasuries so that would be Japan and China.”

He explained that there are more deals accelerating of the Middle Eastern countries that are selling their oil not in dollars, but “the lowest recycling of dollars, less purchases of treasuries and yet at the same time, you have all-time high issuances of debt because the baby boomers in the US are aging. They have entitlements – social security, Medicare.”

We suggest that you check out the complete original article posted by the online publication that we mentioned above in order to learn more available details about the matter.

Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green, and the king coin is priced at $17,799.