Summer will offer ‘perfect opportunity’ for investing in crypto — Arthur Hayes

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According to BitMEX co-founder Arthur Hayes, the next few months will offer an ideal opportunity to accumulate crypto before the next leg up of the bull market kicks in.  

“Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so,” Hayes told Cointelegraph in an exclusive interview, referring to the current rangebound market. 

According to Hayes, inflationary monetary policies will play the main role in propelling Bitcoin (BTC) and the broader cryptocurrency market higher later this year.

“Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” Hayes predicted. 

According to Hayes, the upcoming United States presidential elections will be a bullish catalyst for crypto, as the country’s financial authorities are incentivized to implement looser monetary policies, possibly to support President Joe Biden’s re-election. 

In the past, periods of monetary expansion have led to crypto market rallies. 

“When you control the purse of the government, it’s very easy to do so by printing money, borrowing it, and handing it out to people in various forms,” Hayes explained. 

To find out more about Hayes’ investment thesis on crypto for the second half of 2024, check out our full interview on our YouTube channel, don’t forget to subscribe!


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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Summer will offer ‘perfect opportunity’ for investing in crypto — Arthur Hayes


According to BitMEX co-founder Arthur Hayes, the next few months will offer an ideal opportunity to accumulate crypto before the next leg up of the bull market kicks in.  

“Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so,” Hayes told Cointelegraph in an exclusive interview, referring to the current rangebound market. 

According to Hayes, inflationary monetary policies will play the main role in propelling Bitcoin (BTC) and the broader cryptocurrency market higher later this year.

“Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” Hayes predicted. 

According to Hayes, the upcoming United States presidential elections will be a bullish catalyst for crypto, as the country’s financial authorities are incentivized to implement looser monetary policies, possibly to support President Joe Biden’s re-election. 

In the past, periods of monetary expansion have led to crypto market rallies. 

“When you control the purse of the government, it’s very easy to do so by printing money, borrowing it, and handing it out to people in various forms,” Hayes explained. 

To find out more about Hayes’ investment thesis on crypto for the second half of 2024, check out our full interview on our YouTube channel, don’t forget to subscribe!


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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