Arthur Hayes, BitMEX co-founder, says buying crypto now will be a good investment in the future.
Arthur Hayes, the co-founder of BitMEX, predicts that the coming months will provide an ideal opportunity to amass cryptocurrency holdings before the next leg up of the bull market.
“This is the ideal time for those with fiat and extra cash to allocate to cryptocurrencies,” Hayes said in an exclusive interview with Cointelegraph, referring to the current rangebound market.
Hayes posits that inflationary monetary policies will be the primary catalyst for Bitcoin’s and the broader cryptocurrency market’s upward trajectory in the latter part of the year.
Hayes predicted that “major economies worldwide will print even more money within 18 to 24 months.”
As per Hayes, the forthcoming United States presidential elections may catalyze optimistic sentiment in the cryptocurrency market. This is because the country’s financial authorities may be motivated to adopt more lenient monetary policies, potentially in support of President Joe Biden’s reelection.
In the past, crypto market rallies have been precipitated by periods of monetary expansion.
Hayes explained, “When one controls the government’s purse, it is a breeze to do so through the printing of money, its borrowing, and its distribution to the public in various forms.”
For a more comprehensive analysis of Hayes’ investment thesis concerning cryptocurrencies in the latter part of 2024, please subscribe to Cointelegraph’s YouTube channel and view the complete interview.
