Arthur Hayes, the co-founder and former CEO of BitMEX, now managing a family office named Maelstrom, believes the crypto bull market is "reawakening" following interest rate cuts by the Bank of Canada and the European Central Bank. This move, Hayes argues, will "catapult crypto out of the northern hemispheric summer doldrums."

The recent interest rate cuts by the Bank of Canada and the European Central Bank are seen as a significant development in the crypto market, with Hayes predicting that this trend will continue. He believes that the next central bank to make a move could be the Bank of England, which has "nothing to lose" and may cut interest rates to stimulate its economy.

Hayes expects the U.S. Federal Reserve to hold rates at its next meeting, given persistent concerns around inflation and the proximity to the November presidential election. However, he believes that the Fed will eventually start cutting rates, potentially at its Jackson Hole Symposium in August.

The trend, Hayes argues, is clear: central banks are starting easing cycles, and this will benefit the crypto market. "Go long bitcoin and subsequently sh*tcoins," he advises, predicting a rally in the bitcoin price. Hayes' prediction is based on his analysis of policy announcements from the U.S. Federal Reserve and Treasury Department, which he believes amount to "stealth forms of money printing."

In conclusion, Hayes' prediction of a crypto bull market reawakening is based on his analysis of central bank interest rate cuts and the potential for further easing cycles. His advice to "go long bitcoin and subsequently sh*tcoins" reflects his confidence in the crypto market's potential for growth.