In his latest blog post, “Long Live the King!”, Arthur Hayes predicts a sustained bull market for Bitcoin and cryptocurrencies due to evolving monetary policies globally. Hayes argues that traditional considerations of block reward halving are less relevant now, as tightening in major economies like the US, Japan, and China will play a larger role in driving price movements. He believes the recent Federal Reserve announcements, including a 25 basis point interest rate cut expected in September and further cuts totalling 100 basis points over the next year, will contribute to a supportive environment for Bitcoin. Hayes anticipates monetary expansion by these governments will ultimately benefit cryptocurrencies.