Arthur Hayes argues that the four-year Bitcoin’s four-year cycle is being said and that macro liquidity – not protocol mechanics – will put the next legs of the market. In a new story entitled “He is very long, live the Lord!” Published on October 9, 2025, the BitMEx Conger strives for policy decisions in Washington and Beaching a systematic system that should continue to press the highest BTC, just as many retailers are looking for the TEXDOOH BOOTH BOOTHE PECLE PERCLE PERCLE PEACH. He writes: “The four-year memorial of the fourth cycle is upon us.”
A four-year cycle is dead
Hayes’ frame is clear: The price of money and its total flexibility of risk assets, and the USD kittcoin rising and falling in the dollar liquidity. “Bitcoin In the current mortgage case is the best financial criterion,” said its dollar price “will move and flow out for price and dollars.” It transmits the lens in China, which opposes the YUAL freezulse of the honuan honor has Crypto or Crypto Milcles on the side of the US conditions.
Completion that the time of evangor has expired, Hayes also returns four Eras and each of the links that transform the dollar and yuan eliquidity. The “Genesis Cycle” (2009-2013) rides a post-GFC amount of reducing Chinese debt deprivation until both were imprisoned in 2013, “Popping[ing] Bitcoin Bubble. “
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The “Co” cycle (2013-2017) was enabled under the dollars rather than “a ton of fuck of yuan around the Global Money, in 2015 between Yuan’s power, before the constipation and higher US high levels. “Covital Hoax time (2017-2021) Label for this Pandemic-Say Policy
In the ORDER ERDER “- highlights the release of the US Treasury, which form a Fender Resent Respector Repector Repector and” and seeing this as a political “.
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Connects Macro Pivot directly to modern-time: “The FED resumes inflation in September although inflation is higher than the target,” to reduce the cost of lending to “critical industries. “In the Hyes’ learning, policy signals are unpleasant:” Money will be cheap and many. “
China, in its opinion, will also repent the excess flow of debt in 2009 or 2015, but it will not be a conclusion. While Beijing is filled with deflationary pressure and fields of buildings, Hayes expects the Progmatism to win: “When the economic diagram testifies greatly.” UPSHOT, says, China may not drive Fiat Fiat creation, “but it will not prevent you.”
The combined thesis is those cycles that have been cycles wearing different masks. BitCoin’s earlier peaks are compatible with the Deletating Dollar and Yuan Liquidity; The latest Advance indicates a new alignment of political priorities in simple currencies, regardless of the suspension calendar.
Hayes explicitly sets up: “Listen to our kings in Washington and Beach.
In the time period, BTC has been sold for $ 122,147.
The installed image is made of dall.e, chart from Chiningview.com
