標題：Bitmex聯合創始人Arthur Hayes相信比特幣（BTC）將很快開始打印集會

Bitmex聯合創始人Arthur Hayes認為，由於一個主要的催化劑，比特幣（BTC）將很快開始打印集會。

Arthur Hayes, co-founder of cryptocurrency derivatives exchange BitMEX, remains bullish on Bitcoin (BTC) despite its recent price pullback.

加密貨幣衍生品交換Bitmex的聯合創始人亞瑟·海斯（Arthur Hayes）仍然對比特幣（BTC）看漲，儘管其最近的價格下跌。

In a new post, Hayes says that he expects the main catalyst for the cryptocurrency to start printing rallies once again will be the Fed pivoting on its monetary policy.

海耶斯在一篇新帖子中說，他希望加密貨幣再次開始印刷集會的主要催化劑將是聯邦制其貨幣政策。

According to Hayes, the Fed chair Jerome Powell’s recent comments on keeping interest rates at the peak for a longer period indicate that the market will begin to price in liquidity over the horizon.

據海斯說，美聯儲主席杰羅姆·鮑威爾（Jerome Powell）最近對將利率保持在峰值的評論較長時期表明，市場將開始在地平線上的流動性上定價。

“As I highlighted last [month], I believe that the administration will not permit the US to default on its debt. Therefore, I am confident QT, at least regarding Treasuries, will stop in the short to medium term. Going further, Powell stated that while they may maintain mortgage back security runoff, they will net buy Treasuries. Mathematically, that keeps the Fed balance sheet constant; however, that is Treasury QE. Bitcoin will scream higher once this is formally announced. Furthermore, because the banks and the Treasury demand it, the Fed will grant the SLR (Supplementary Leverage Ratio) exemption for the banks, which is another form of Treasury QE.”

“正如我強調上一個月的那樣，我相信政府將不允許美國違約債務。因此，我充滿信心，至少關於國債，我充滿信心。在短期到中期。進一步。鮑威爾（Powell）表示，鮑威爾（Powell）表示，鮑威爾（Powell）可能會保持抵押貸款的安全徑流，但他們將保持淨額的淨值，但要保持較高的貨幣。但是，這是一個越來越多。此外，由於銀行和財政部要求，美聯儲將對銀行授予SLR（補充槓桿率）的豁免，這是國庫QE的另一種形式。”

According to the BitMEX co-founder, Bitcoin remains on track to hit $250,000 by the year’s end if the Fed shifts to QE.

根據BITMEX聯合創始人的說法，如果美聯儲轉移到量化寬鬆，則比特幣在今年年底時仍可以達到25萬美元。

“If my analysis of the Fed’s major pivot from QT to QE for Treasuries is correct, then Bitcoin hit a local low of $76,500 last month, and now we begin the ascent to $250,000 by year-end. Of course, this is not an exact science, but using the gold example, if I had to place a bet on whether I thought Bitcoin would hit $76,500 or $110,000 first, I would bet on the latter. Even if US stocks continue falling in reaction to tariffs, a collapse in earnings expectations, and or foreigner demand waning, I am confident that the odds favor Bitcoin continuing to climb higher.”

“If my analysis of the Fed's major pivot from QT to QE for Treasuries is correct, then Bitcoin hit a local low of $76,500 last month, and now we begin the ascent to $250,000 by year-end. Of course, this is not an exact science, but using the gold example, if I had to place a bet on whether I thought Bitcoin would hit $76,500 or $110,000 first, I would bet on the latter. Even if US股票繼續對關稅的反應，收益預期的崩潰以及 /或外國人的需求減少，我相信這種賠率有利於比特幣繼續攀升。”

Bitcoin is trading for $82,702 at time of writing, down 3.2% in the last 24 hours.

在寫作時，比特幣的交易價格為82,702美元，在過去24小時內下跌了3.2％。