Arthur Hayes Declares Bitcoin’s Four-Year Cycle Dead

Bitcoin is no longer bound by its traditional four-year cycle, according to Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom. In his latest essay, ‘Long Live the King!’, Hayes argues that Bitcoin’s market cycles are now driven by global monetary policy, not halvings or hype cycles. He cites expanding fiat liquidity from both the US and China as key drivers of the current bull run.