Bitcoin Outlook: Arthur Hayes’ “Long Live the King” — USD/CNY Money Supply Shift Makes This Bull Market Unlike Previous Cycles

COINOTAG News, October 9th: BitMEX co-founder Arthur Hayes published an essay, “Long Live the King!”, arguing that Bitcoin bull peaks historically correlate with shifts in USD/CNY price and supply dynamics. He reviews three cycles from 2009–2021, concluding that periods of slowing credit growth and rising rates in the US/China coincide with tops, whereas aggressive US quantitative easing or Chinese credit expansion tends to bolster Bitcoin prices.

Hayes contends the current cycle diverges from a strict four‑year cadence, noting the Federal Reserve‘s easing bias and China’s move away from deflation as potential tailwinds for continued upside. This is an analytical framework rather than investment advice; market participants should monitor key macro indicators—interest rates, liquidity injection, and credit growth in the US and China—to assess risk and timing.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.