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Arthus Hayes Says That Bitcoin Price Discovery May Shift with ETF Boom

he winds of change are blowing in the Bitcoinsphere, and BitMEX founder Arthur Hayes is at the helm, predicting a potential shift in price discovery if the anticipated Bitcoin spot ETF explodes onto the scene. In a recent blog post, Hayes paints a vivid picture of massive fund managers setting up global distribution networks, funneling billions into the ETF and dramatically increasing trading volume. This, he argues, could lead to a fascinating phenomenon: the center of gravity for Bitcoin price discovery migrating from the East, where Binance currently reigns supreme, to the Western financial hubs.

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