Odaily Planet Daily reports that Arthur Hayes stated that Bitcoin, as a global fiat liquidity indicator, has recently diverged from the performance of the Nasdaq 100 index, signaling an impending large-scale credit destruction event. The widespread adoption of AI will lead to 20% of white-collar knowledge workers losing their jobs, which could trigger approximately $557 billion in consumer credit and mortgage defaults by American commercial banks.
Arthur Hayes mentioned that even if Bitcoin drops from $126,000 to $60,000, the market would still face downward pressure if the Federal Reserve does not restart monetary expansion. He pointed out that once the Fed is forced to intervene due to a banking crisis, Maelstrom will deploy excess stablecoin positions into ZEC and HYPE. He predicts that HYPE will reach $150 in July, roughly five times its current level.
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