Arthur Hayes Closes Bitcoin Short, Predicts Market Support From Janet Yellen Could Drive BTC Higher
Former BitMEX CEO Arthur Hayes closed his Bitcoin short position and predicted that US Treasury Secretary Janet Yellen will print more money to support markets, potentially driving Bitcoin higher. “Closed my $BTC short, made 3% profit, enough to cover my food and bar tab for KBW,” Hayes said in a Sept. 8 post on X. ”Bad Gurl Yellen is watching, if markets go down more she will definitely pump up the jam by printing more money.” Arthur Hayes Says BTC Might Rise If Dollar Liquidity Increases Yellen said on Sept. 7 that the US economy remains solid and is on track for a “soft landing” with no meaningful layoffs. Bad Gurl Yellen is watching, if markets go down more she will definitely pump up the jam by printing more money. pic.twitter.com/L81vc07as9 — Arthur Hayes (@CryptoHayes) September 7, 2024 With Yellen prepared to support markets by increasing cash in the economy, the BitMEX founder believes that BTC “might rise...