TechFlow News, June 4: Arthur Hayes (@CryptoHayes) announced that he has fully liquidated his $HYPE and $NEAR positions and will publish an article titled “The Reality Check” next Tuesday detailing his rationale. Hayes’ key assessments are as follows: the Iran war and inventory restocking will drive up energy prices; three major AI companies will go public via IPO between now and early Q3; and Trump may pivot to an anti-AI stance to help the Republican Party win the midterm elections. He expects the market peak to occur between now and September and has therefore chosen to take profits at current levels.
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