Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday
Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday Ethereum classic remained close to a three-month low in today’s session, as the token continued to extend recent decline
Summer will offer ‘perfect opportunity’ for investing in crypto — Arthur Hayes
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2024-05-07 01:05:01
Marco Castrovilli8 hours agoSummer will offer ‘perfect opportunity’ for investing in crypto — Arthur HayesThe BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.1256 Total views25 Total sharesListen to article 0:00Cointelegraph YouTube SubscribeOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAccording 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 will be incentivized to implement looser monetary policies, possibly to support President Joe Biden’s reelection.
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 Cointelegraph’s YouTube channel, don’t forget to subscribe!# Bitcoin# Blockchain# Altcoin# Business# Ethereum# Bitcoin Price# Bitcoin Analysis# Bitcoin Halving# DeFi# Solana# NFT# Layer2# Bitcoin Ordinals# Ethereum ETFAdd reaction