Co-founder of the BitMEX cryptocurrency exchange Arthur Hayes believes that the coming months will be the most successful for investing in cryptocurrencies, and in the fall the market will begin large-scale growth.
Arthur Hayes emphasized that one of the main catalysts for Bitcoin growth will be US monetary policy. In his opinion, the Fed will continue to print money, which will increase inflation, so many investors will save their savings in gold and cryptocurrencies.
“Investors with large fiat holdings will have a great opportunity to invest them in cryptocurrencies. The world's major economies will be printing large amounts of money in the next one and a half to two years,” said the former CEO of BitMEX.
In addition, according to him, the upcoming elections in the United States will also play into the hands of cryptocurrencies, since the country’s Central Bank will soften monetary policy to promote Joe Biden.
“When you control the government's purse strings, it's very easy to win people over by printing money, borrowing money, and giving people money in various forms,” says Arthur Hayes.
Hayes recently said that the Bitcoin rate is unlikely to consolidate above $70,000 until the end of August.#CryptoWatchMay2024