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**What Is the Reason Arthur Hayes Claims the Four-Year Bitcoin Cycle Is Dead?**

BitMEX founder Arthur Hayes stated that the four-year Bitcoin cycle pattern (BTC) is no longer relevant. He emphasized that Bitcoin's movement is no longer determined by the halving pattern, but rather by global liquidity.

"Many are trying to predict the end of this rally with old patterns, but those patterns will not apply," he said in a personal blog, Thursday (09/10).

Hayes explained that the previous cycle ended when monetary conditions tightened, not because of the four-year timeframe. According to him, the market is now influenced by the economic policies of the United States and China, both of which are oriented towards monetary easing.

Moreover, the Fed has also begun cutting interest rates even though inflation is still above target, with the possibility of two more cuts by the end of the year.

"Money will be made cheaper and more abundant, and Bitcoin will continue to rise in that direction," said Hayes.

He also added that China will not be a hindrance this time like before. The government in Beijing is now actually trying to end deflationary pressure, rather than draining liquidity from the market.

This step, Hayes said, gives room for American monetary expansion to push Bitcoin prices without pressure from China.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).