BTC bull market began in March, more will realize in a year — Arthur Hayes

Bitcoin (BTC) has actually been on a bull run for the past six months or so, and the market has yet to respond– but it will in around six to 12 months, according to BitMEX co-founder and former CEO Arthur Hayes.In a Sept. 5 keynote speech at Korea Blockchain Week, Hayes argued Bitcoins bull run started on March 10, the day Silicon Valley Bank (SVB) was taken over by the Federal Deposit Insurance Corporation.Two days before SVBs takeover on March 8, Silvergate Bank went into liquidation. Related: Why is Jerome Powell gaslighting us about the chances of recession?However, the rest of the market hasnt yet responded, but he gave a timeline of 6 to 12 months for that to occur.Hayes stated even if the Fed and other central banks continued interest rate hikes to enable economic tightening or if they “print more cash,” then Bitcoin would still carry out well.” On both situations, whether the Fed raises or cuts, we are in an excellent position as the cryptocurrency industry,” he said.Collect this post as an NFT to maintain this minute in history and show your assistance for independent journalism in the crypto space.Magazine: How to secure your crypto in an unstable market– Bitcoin OGs and specialists weigh in