## Bitcoin Forms Short-Term Bottom: Arthur Hayes Analysis BitMEX co-founder Arthur Hayes believes Bitcoin has established a short-term bottom at $74,500. In a recent analysis on Medium, Hayes argued that BTC will directly benefit from future monetary liquidity injections and a weakening US dollar. Hayes noted that the Trump administration's tariff policies on April 2nd created market volatility and tested the global financial system. While some believe the bull market is over, Hayes contends that the US government will likely supply more liquidity. ## Liquidity Injections and Bitcoin's Role Investors holding US stocks and bonds will seek hedging assets. According to Hayes, physical gold exists, but Bitcoin is digital gold. If BTC breaks its previous high of $110,000, its dominance may increase. Following this, a cyclical rise in altcoins (shitcoins) could occur. ```

#BTC