TechFlow News: On May 12, Arthur Hayes stated in his latest article that the current cryptocurrency bull market officially began following the U.S. military action against Iran on February 28. He believes that expanding AI capital expenditures, increased investment in energy and infrastructure, and monetary easing by both the U.S. Federal Reserve and the People’s Bank of China will drive continued expansion of dollar and renminbi credit—thus benefiting Bitcoin and other crypto assets. Arthur Hayes forecasts that Bitcoin’s return to $126,000 is “all but certain.” Additionally, he noted that, aside from Hyperliquid (HYPE) and Zcash (ZEC), NEAR is another token he is closely watching.
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