Arthur Hayes: Bitcoin’s 4-Year Cycle Is Dead, Long Live Liquidity

The widely used “4-year cycle” theory, which has long explained the ebb and flow of the crypto market, may no longer be valid. In a recent blog post, Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, argued that the 4-year cycle will not work in this bull run. He believes this is because the conditions are fundamentally different. US and China’s Monetary Policy Matters Hayes believes that Bitcoin’s price is now dictated by changes in the global money supply, not by halvings or market maturation source: https://beincrypto.com/arthur-hayes-bitcoins-4-year-cycle-is-dead-long-live-liquidity/