Hayes wrote in a post on X, “Double Happiness is my final AI + #crypto essay. It argues we are about to witness the biggest bull market in human history driven by the most amount of money printed in the shortest amount of time and the coming of AI.”

"Double Happiness" is my final AI + #crypto essay. It argues we are about to witness the biggest bull market in human history driven by the most amount of money printed in the shortest amount of time, and the coming of AI.

My shitcoin of choice $FILhttps://t.co/fk0C7WNnxY pic.twitter.com/VHpMrxcIyW

— Arthur Hayes (@CryptoHayes) October 5, 2023

Read Also: BitMex Co-Founder: Ethereum (ETH) To Skyrocket By 1,556% in AI-Powered Economy –Here’s the Timeline

A Historic Bull Market

Hayes believes we’re on the brink of experiencing the most substantial bull market in crypto history. He said it will be driven by an extraordinary influx of money and the emergence of artificial intelligence (AI).

According to Hayes, the commercialization of AI and the surge in fiat currency liquidity are the two major factors that will propel this forthcoming bull market. He highlights that previous crypto bull markets were typically triggered by either a surge in fiat liquidity or advancements in blockchain technology. However, he argues that this time, both factors will combine to drive this extraordinary market growth.

Hayes stated that the portfolios of the “faithful” will enjoy the results of the bull market in fiat liquidity and technology. Hayes also highlighted the critical role of decentralized storage systems in supporting artificial intelligence. He emphasizes that AI’s need for secure and censorship-resistant data storage makes decentralized solutions indispensable.

Read Also: BitMEX CEO Shares Major Reason Why Bitcoin (BTC) Will Trade At $1,000,000 in the Future

Filecoin (FIL) Bright Future

The importance of decentralized storage explains why Hayes chose Filecoin (FIL), a decentralized data storage network, as a top contender for the next bull market. In his essay, Hayes points out that FIL has been tradable on major exchanges since 2020.

Although Filecoin has not met expectations in the past two years, Hayes expects it to be a dominant force and experience significant growth in the next bull run. Despite reaching an all-time high of $237.24 in April 2021, the coin’s value has since fallen by over 98.5% to $3.36.

Hayes acknowledges that while some may doubt his predictions for the next bull run, he remains focused on trading cycles, particularly the 2023-2026 cycle. He states that he is not troubled by being wrong in the short term as long as he proves right in the long run.

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The post BitMex Co-founder Says Crypto Holders Are About to See Biggest Bull Market In History. Here’s why appeared first on Times Tabloid.

According to the announcement, the spots available for the flexible staking deals offered by the Seychelles-based exchange, for the selected crypto assets, are limited and accessible on a first-come, first-served basis. 

OKX Flexible Staking Details

The OKX flexible staking deals are only available for Shiba Inu, Dogecoin, XRP, Litecoin (LTC), and Filecoin (FIL), per the Thursday update. 

Introducing our new upgrade of #OKXEarn Gold Rush Staking with more flexibility!

Stake $SHIB @Shibtoken, $FIL @Filecoin, $DOGE @dogecoin, $LTC @LTCFoundation, and $XRP @Ripple with flexible staking deals now!

First-come, first-served basis

— OKX (@okx) December 8, 2022

It is worth noting that the APY for SHIB flexible staking is 2.5% and Shiba Inu holders can stake as low as 1 SHIB token. Likewise, the APY for staking XRP on the OKX exchange is kept at 2.50%, with the minimum investment pegged at 0.01 XRP.

Meanwhile, the highest APY can be earned from staking the leading decentralized meme token, Dogecoin, as its associated APY is 10%. Users can stake a minimum of 0.01 DOGE to earn this high yield.

On the other hand, Filecoin staking comes with a 2% APY, with 0.01 LTC as the minimum investment. For the Litecoin staking deal, users can lock up as low as 0.01 LTC to earn a 3.5% APY. 

Read Also: Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast

This development comes as an upgrade to the OKX Earn Gold Rush Bonus promotion, as the exchange seeks to give holders of SHIB, DOGE, and XRP more opportunities to earn high rewards via staking.

Recall that OKX Earn, a program that enables users to earn passive income on their assets through staking, launched the debut edition of its Gold Rush Bonus promo in September. 

At the time, the Seychelles-based exchange launched a  90-day staking exercise for SHIB, XRP, DOGE, FIL, and LTC. Although the staking APY then was up to 12%, users frowned at the long deposit and withdrawal duration and called for more flexibility.

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The post OKX Launches Flexible Staking for XRP, Shiba Inu (SHIB), and Dogecoin (DOGE) appeared first on Times Tabloid.