[Arthur Hayes revealed that May is the best time to buy altcoins]
Arthur Hayes returns to the public eye in his latest blog post, "Mayday." In the article, Hayes reveals his investing strategy for May, including which cryptocurrencies he plans to buy and the reasoning behind his choices. As markets recover following the Bitcoin halving event, his strategy provides valuable guidance for investors looking to navigate volatile markets.
In "Mayday," Hayes described the recent market decline as a "necessary cleanup," which he believed was caused by a combination of U.S. tax season, uncertainty and speculation about the May Federal Reserve meeting, and the Bitcoin halving event. of. He observed that these factors resulted in a 12% price correction for Bitcoin.
Hayes believes that this price drop should be viewed by committed investors as an opportunity to accumulate major crypto reserve assets such as Bitcoin and Ethereum, as well as high-beta altcoins at lower prices. He described this period as a time to "purge" speculative traders from the market.
In "Mayday," Hayes laid out his strategy for May, recommending Bitcoin and Ethereum as suitable assets for long-term accumulation. Meanwhile, he has also shown interest in Solana (SOL), Dogwifhat (WIF), and Dogecoin (DOGE).
Hayes encourages accumulation of these important assets during market corrections, arguing that this will help investors achieve significant returns when the market stabilizes and begins to rise. He summed up the strategy as "buy in May and walk away," emphasizing the potential gains of investing in cryptocurrencies during the summer months.
Hayes' article also included short commentary on the recent Federal Reserve, U.S. Treasury and bank bailouts, which he jokingly called "money printing in disguise." So he plans to re-enter the market and buy what he describes as "super bad Shitcoins."
For trading positions, Hayes recommends trading Dogecoin and Solana. For long-term holdings, he recommends focusing on Pendle (PENDLE) as a token with solid potential. Once his investment position is established, he may adopt a more relaxed strategy and wait for the market to naturally reflect the impact of recent U.S. monetary policy on inflation.
Hayes remains optimistic that the market will stabilize and rise in the long term, even if volatility will persist in the short term. He expects that gradually increasing market liquidity will support a slow market recovery and ultimately create bullish momentum.
