Crypto veteran Arthur Hayes is predicting that the Federal Reserve’s new Bank Term Funding Program (BTFP) will ultimately trigger a “hated” Bitcoin (BTC) rally.

The Fed’s BTFP offers loans of up to one year in length to banks pledging US Treasuries, agency debt, mortgage-backed securities and other qualifying assets as collateral.

In a recent blog post, Hayes says that BTFP essentially equates to “infinite money printing,” which will likely boost risk assets like Bitcoin and crypto.

“BTFP ushers in infinite money printing … globally.

The ensuing Bitcoin rally will be one of the most hated ever. How can Bitcoin and the crypto markets in general rally sharply after all the bad things that happened in 2022? Didn’t people learn Bitcoin and those associated with it are scumbags? Aren’t people afraid of the narrative that Bitcoin caused the failure of large banks, and almost consumed the US banking system?”

Hayes says that current macro conditions mean that equities will generally lag behind the more volatile crypto assets. The crypto billionaire also says he’s set to liquidate the majority of his stock positions and allocate it into Bitcoin or digital assets.

“For me and my portfolio, I’m largely done trading [stocks.] What’s the point? I generally buy and hold and don’t trade around my positions that frequently. If I believe what I wrote, then I am signing myself up for underperformance. If there is a short-term trading opportunity where I think I can earn some quick fiat duckets and then take my profit and buy more Bitcoin, I will do it. Otherwise, I am liquidating most of my stock portfolio and moving it into crypto.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Venture capitalist Chris Burniske says that Ethereum (ETH) rival Solana (SOL) could be setting itself up for a massive move to the upside.

Burniske, a former ARK Invest analyst and a current partner at venture capital firm Placeholder, says that a big rally may be in store for Solana if it can clearly break the 200-day simple moving average (SMA),

“SOL definitively reclaiming its 200-day SMA should be a glorious move.”

SOL’s 200-day moving average is currently hovering at about $23. At time of writing, SOL is trading for $22.42.

Burniske has previously predicted that Solana could be the next “Ethereum-level” opportunity should another bull market happen.

Last month, Burniske said,

“I think if I had to pick an ecosystem that’s contentious and that you should pay attention to, and in its contentiousness is undervalued, it would be Solana. Placeholder, each bear market, tends to pick an ecosystem or two and build an aircraft carrier strategy around that ecosystem. And so the last bear [market], it was ETH and Bitcoin, because those were really the only things at scale and liquid enough to justify.

And what I mean by aircraft carrier – if you take Ethereum, buy a bunch of the core ETH asset, but then venture invest around it and really get to know that ecosystem and who all the people are that are working on say, at that point in time, lending or DEXs [decentralized exchanges] or asset management or whatever. And then you can pick the best teams of the teams that most speak to you from a venture perspective. We’re doing that exact same aircraft carrier strategy around Cosmos and Solana right now.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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