The former head of BitMEX exchange Arthur Hayes believes bitcoin (BTC) will grow to $70,000. He recently posted an article on his blog in which he predicted that March 2024 will be a breakthrough year for the cryptocurrency.
In his opinion, the Federal Reserve is creating conditions for BTC rally. Now there is an increase in the yields of US Treasury bonds.
Usually during the dominance of a bearish trend in the global market, investors prefer to invest in government securities.