标题：Bitmex联合创始人Arthur Hayes相信比特币（BTC）将很快开始打印集会

Bitmex联合创始人Arthur Hayes认为，由于一个主要的催化剂，比特币（BTC）将很快开始打印集会。

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

加密货币衍生品交换Bitmex的联合创始人亚瑟·海斯（Arthur Hayes）仍然对比特币（BTC）看涨，尽管其最近的价格下跌。

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说，他希望加密货币再次开始印刷集会的主要催化剂将是联邦制其货币政策。

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.

据海斯说，美联储主席杰罗姆·鲍威尔（Jerome Powell）最近对将利率保持在峰值的评论较长时期表明，市场将开始在地平线上的流动性上定价。

“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.”

“正如我强调上一个月的那样，我相信政府将不允许美国违约债务。因此，我充满信心，至少关于国债，我充满信心。在短期到中期。进一步。鲍威尔（Powell）表示，鲍威尔（Powell）表示，鲍威尔（Powell）可能会保持抵押贷款的安全径流，但他们将保持净额的净值，但要保持较高的货币。但是，这是一个越来越多。此外，由于银行和财政部要求，美联储将对银行授予SLR（补充杠杆率）的豁免，这是国库QE的另一种形式。”

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.

根据BITMEX联合创始人的说法，如果美联储转移到量化宽松，则比特币在今年年底时仍可以达到25万美元。

“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股票继续对关税的反应，收益预期的崩溃以及 /或外国人的需求减少，我相信这种赔率有利于比特币继续攀升。”

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

在写作时，比特币的交易价格为82,702美元，在过去24小时内下跌了3.2％。