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<p>The post <a href="https://coinpedia.org/news/bitcoin-price-is-expecting-to-rise-as-banking-issues-surface-says-bitmex-founder/">Bitcoin Boom Expected as Banking Woes Increase, Claims BitMEX Founder</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/news/arthur-hayes-reveals-his-two-altcoin-picks-says-bitcoin-will-undergo-30-correction/">Arthur Hayes</a>, BitMEX’s founder, recently explored factors shaping Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the broader banking sector. In a world where traditional finance meets cryptocurrencies, Hayes sheds light on potential impacts on Bitcoin’s value.</p> 
<p>Dive into Hayes’ analysis and discover if this is a golden buying opportunity or a recipe for disaster.</p> 
<h2 class="wp-block-heading" id="h-powell-and-yellen-s-response">Powell and Yellen’s Response</h2> 
<p>In a recent tweet, Hayes predicted a potential move by <a href="https://coinpedia.org/news/bitcoin-holds-steady-as-fed-signals-no-rate-cut-other-assets-feel-the-heat/">Federal Reserve</a> leaders Jerome Powell and Janet Yellen to print more money in response to NYCB’s unexpected financial setback. The significant 46% drop in NYCB’s stock value occurred as its loan loss reserves surged tenfold beyond market expectations.</p> 
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   <p lang="en" dir="ltr">Jaypow and Bad Burl Yellen will be printing money very soon. <a href="https://twitter.com/search?q=%24NYCB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NYCB</a> annc a "surprise" loss driven by loan loss reserves rising 10x vs. estimates. Guess the banks ain't fixed.<br><br>10-yr and 2-yr yields plunged signaling the market expects some sort of renewed bankster bailout to fix… <a href="https://t.co/k0Ieq2jKPK">pic.twitter.com/k0Ieq2jKPK</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1752821444952854553?ref_src=twsrc%5Etfw">January 31, 2024</a>
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<p>Expressing doubt about prior solutions, Hayes remarked, “Guess the banks aren’t fixed.” He pointed out a significant decline in 10-year and 2-year yields, suggesting the market anticipates a renewed bank bailout to address underlying issues.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/bitcoins-outlook-amidst-fed-rate-cuts-insights-from-jp-morgan-ryze-labs/">Bitcoin’s Outlook Amidst Fed Rate Cuts: Insights From JP Morgan &amp; Ryze Labs&nbsp;</a></p> 
<h2 class="wp-block-heading" id="h-bank-term-funding-program-concludes">Bank Term Funding Program Concludes </h2> 
<p>Additionally, Hayes mentioned the upcoming end of the Federal Reserve’s Bank Term Funding Program (BTFP), introduced after <a href="https://www.youtube.com/watch?v=MJj4ctB1eGI">the 2023 banking crisis</a> to provide liquidity to banks by allowing them to use a broader range of collateral for borrowing.&nbsp;</p> 
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 <p>“<em>If my forecast is correct, the market will bankrupt a few banks within that period, forcing the Fed into cutting rates and announcing the resumption of the BTFP.”</em>&nbsp;</p> 
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<p>In this scenario, he suggests a liquidity injection may bolster cryptocurrencies, particularly Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis </h2> 
<p>While Hayes acknowledges a potential temporary dip in <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin’s value</a> amid banking concerns, he speculates that asset dumping by NYCB and other banks could trigger a new bailout. Drawing parallels to Bitcoin’s performance during the March 2023 banking crisis, he anticipates a similar pattern — a brief dip followed by a significant rally.</p> 
<p>During the March crisis, <a href="https://coinpedia.org/news/bitcoins-big-jump-might-lead-to-1-billion-liquidations-analyst-warns-of-bitcoins-price-changes/">Bitcoin’s value surged</a> over 40%, attributed to its perceived role as digital gold or a safe-haven asset amid financial instability. </p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-halving-2024-post-halving-corrections-and-rally-predictions/">Bitcoin Halving Predictions 2024: Analyst Warns of 30% Price Correction!</a></p>

Bitcoin Boom Expected as Banking Woes Increase, Claims BitMEX Founder

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