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Home»ALTCOIN NEWS»‘The Club’ Bitcoin Brother
ALTCOIN NEWS

‘The Club’ Bitcoin Brother

By Crypto FlexsMay 3, 20253 Mins Read
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Arthur Hayes, the co -founder of Bitmex, said the United States would not add more bitcoin to more Bitcoin than it had already been seized due to the high debt level of the state and the stereotype of “Bitcoin Bros”.

Hayes said in an interview on May 1, “I do not belong to the entire strategic reserve forces.

Hayes prints a money plan for Bitcoin

“The United States is a deficit country. The only way to perform strategic protection zones is that it does not sell Bitcoin from people.

Arthur Hayes talked with Kyle Chasse in the Crypto interview series. source: Kyle Chas

Hayes said it is difficult to imagine the “properly elected” politicians, which the government publicly announced that it plans to print money to purchase Bitcoin (BTC).

“Especially when the popular story is Bitcoin Brothers going to the club.”

“Do people want to think about your policy?” He asked.

On March 6, US President Donald Trump signed an administrative order in the United States for reserving Bitcoin strategy and digital asset stocks. The United States has more than $ 18 billion in 198,012 Bitcoin, depending on the data. The reserve is mainly composed of Bitcoin confiscated in crime and civil cases, including significant amounts of silk roads and bitpine Rex nuclear cases.

However, many encryption industry leaders believe that if the US government starts to buy Bitcoin, it can start an aggressive domino effect.

Sergej Kunz, co -founder of Exchange Aggregator 1inch, said in Dubai’s hardship event in Coatelewrap, even if the United States starts to buy Bitcoin for strategic protection, even a small country can struggle to obtain cryptocurrency soon.

He added. “I am convinced that we will soon see the countries that we will fight for people who own more Bitcoin. The United States will start.”

Haze

Hayes is convinced that the Bitcoin cycle leading to the Altcoin season will follow the same pattern as 2021 despite other analysts’ views.

Hayes said, “I personally think that Bitcoin’s dominance is going back to the position before the 2021 Altcoin season.

https://www.youtube.com/watch?v=oqemr3g8dai

Hayes is not sure that the pattern will change. “Then people just start to rotate.” “This has returned to the highest level. The bull market has returned and Altcoins must have excellent performance.” It depends on what you buy. “

relevant: Bitcoin price ‘explosion’ as the probability of fed rate cuts increased to 60%

According to TradingView Data, Bitcoin’s market cap, which is a market cap of Bitcoin’s market cap, is 64.78%at the time of publication.

Cryptocurrencies, USA, Arthur Hayes
Bitcoin dominance was 57.59%on January 1. Source: TradingView

This has increased 11.68% since January 1, with Bitcoin’s dominance of less than 60%, and some analysts said it would be the best before the Altcoin season began.

Some analysts suspected that Bitcoin’s dominance would return to 70%.

One of the skeptics entered the encryption founder Benjamin Cowen. He explained in August, “I don’t think it will go up to 70%.”

Meanwhile, in December, Ki Young Ju, a cryptocurrency CEO, said, “Altseason is no longer defined by Bitcoin’s asset rotation.”

He said that when capital rotates from Bitcoin to Altcoin, the traditional signal that marks the beginning of the Altcoin season is old. Instead, the Altcoin transaction volume has spread more widespread for the Stablecoin and FIAT call pairs.

magazine: Crypto wanted to overthrow the bank, and now the bank is going to the bank.