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Hayes: Bitcoin's Next Bull Run Hinges on Central Bank Liquidity

Hayes: Bitcoin's Next Bull Run Hinges on Central Bank Liquidity

Hayes: Bitcoin's Next Bull Run Hinges on Central Bank Liquidity

Bitcoin has slumped amid ETF outflows and cooling institutional demand. Arthur Hayes links the next bull leg to central bank balance sheet expansion as tokenization and rulemaking progress.

01.02.2026

3 min

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