BitMEX Co-Founder Sees Ideal Opportunity for Cryptocurrency Accumulation Ahead
Summary:
In a recent interview, BitMEX co-founder Arthur Hayes advises investors to consider accumulating cryptocurrency in the upcoming months, pointing to inflationary monetary policies and the upcoming U.S. presidential elections as strong factors for a potential market surge. He anticipates inflationary strategies implemented by global economies and the potential of U.S. fiscal incentives supporting President Biden's re-election bid could fuel a bullish trend in the crypto market. The full interview detailing Hayes's predictions for the second half of 2024 is available on YouTube.
Arthur Hayes, co-founder of BitMEX, has suggested that in the coming months there will be a prime window for investing in cryptocurrency in anticipation of the next market surge. "For those with spare cash to invest in crypto, now is the perfect time to do so," Hayes stated in a special conversation with Cointelegraph, indicating that the current market stability makes for an ideal entry point. In Hayes' perspective, the rocket fuel for Bitcoin (BTC) and the wider cryptocurrency market will be inflationary fiscal strategies later this year. He foresees the world's leading economies printing vast amounts of money in the next year and half to two years. Another bullish driver for cryptocurrency, according to Hayes, will be the forthcoming U.S. presidential elections as this usually prompts more generous fiscal policies, potentially aimed at securing the re-election for President Joe Biden. Historically, cryptocurrency markets have responded positively to periods of monetary inflation. As Hayes explains, " When the reins of a government's budget are in your hands, it is quite effortless to create money, borrow it and distribute it among the populace in various ways." For a deeper dive into Hayes' cryptocurrency investment predictions for the latter part of 2024, visit our YouTube channel where you can watch our full interview, and don't forget to hit subscribe!
Published At
5/6/2024 7:01:01 PM
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