🏦 Former CEO of BitMEX Arthur Hayes is confident: the current decline of Bitcoin is not a disaster, but a repetition of an old story.
After BTC dropped to $103 853, the lowest since July, he stated that “history doesn’t repeat itself, but it often rhymes” — and now we hear the very same tune as at the beginning of 2023.
⚡ When banks fall, Bitcoin rises
Then, in March 2023, the collapse of Silicon Valley Bank became the trigger for panic across the entire regional banking sector in the US.
Soon after, Signature Bank and First Republic followed SVB. The reason was simple — the banks held money in long-term bonds that lost value after the sharp increase in Fed rates.
The Federal Reserve had to intervene urgently, guaranteeing deposits even beyond the insurance limit.
And it was then that the market saw phenomenal growth of Bitcoin — from $19,000 to $30,000 in just a few weeks.
💵 Why the dollar is the main patient
If the current problems in the US banking sector escalate, the Fed will most likely turn the printing press back on.
History shows: when trust in the dollar weakens, Bitcoin becomes "digital gold" — an alternative that cannot be printed.
Hayes reminds: this year is already the worst for the dollar since 1973. And if the bankruptcy cycle repeats, the crypto market may receive another "inflationary doping."
🧭 Advice from a veteran
Unlike the panic sellers, Hayes remains calm.
He simply says: if you have spare funds — wait for a deeper dive and buy.
For him, the drop in BTC is not a danger, but a discount for the future.
⚖️ A story that rhymes
2023 taught the market the main lesson: a liquidity crisis for the dollar often becomes a life injection for Bitcoin.
So if today’s "banking fever" really escalates, what Arthur Hayes calls the "great crypto rebound upward" may happen again.
The world may tremble again at news about banks, but the crypto market will just sigh:
"Oh, we've been through this before."
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