Bitcoin Bull Run Tied To Economic Echoes Of The 1930s-1970: Arthur Hayes
Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive Analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s -1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when properly understood, can provide a blueprint for understanding the potential revival of the Bitcoin and crypto bull run. Understanding Financial Cycles Hayes begins his Analysis by exploring the major economic cycles starting from the Great Depression, through the mid-20th century economic booms, and into the stagnant 1970s. He categorizes these transformations into what he terms “Local” and “Global” cycles, central to understanding the broader macroeconomic forces at play. Local Cycles are characterized by intense national focus...