Bitcoin Halving: Impact and Predictions by Arthur Hayes
Originally Published 1 year ago — by CoinDesk
Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin may face selling pressure before and after the mining-reward halving on April 20 due to the well-entrenched bullish narrative. He also anticipates U.S. tax payments on April 15 to drain dollar liquidity from the market, leading to risk aversion and a potential fire sale of crypto assets. Hayes advises abstaining from trading until May and expects a bullish tailwind for risk assets after Treasury Secretary Janet Yellen runs down the Treasury General Account post-May 1.