TechFlow news: Arthur Hayes, co-founder of BitMEX, posted on X saying that Federal Reserve Chair Jaypow and U.S. Treasury Secretary Bad Burl Yellen will soon begin printing money. New York Community Bank ($NYCB) issued a loss announcement, with loan loss provisions increasing tenfold, causing the 10-year and 2-year yields to plummet. The market expects a bank bailout is imminent.
He said bitcoin may initially decline, but then surge rapidly in price, just like in March 2023.
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