The founder of BitMEX, Arthur Hayes, has made a prediction regarding the impact of the upcoming halving of the Bitcoin block reward on April 20. He believes that while this event may lead to a short-term surge in prices, the price action before and after could be negative. As a result, Hayes has decided to refrain from trading until May, when the Federal Reserve is expected to consider a potential reduction in its quantitative tightening program.
In contrast, many other experts anticipate a rise in the value of Bitcoin. Hayes also predicts that after May 1, the quantitative tightening cycle will ease, aligning with U.S. inflation trends. This is expected to return the market to a standard rhythm.
On April 8, Bitcoin surpassed the $72,000 mark for the first time since mid-March.