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Home»ALTCOIN NEWS»Summer will provide ‘the perfect opportunity’ for cryptocurrency investing — Arthur Hayes
ALTCOIN NEWS

Summer will provide ‘the perfect opportunity’ for cryptocurrency investing — Arthur Hayes

By Crypto FlexsMay 6, 20242 Mins Read
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Summer will provide ‘the perfect opportunity’ for cryptocurrency investing — Arthur Hayes
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According to BitMEX co-founder Arthur Hayes, the next few months will provide an ideal opportunity to accumulate cryptocurrencies before the next phase of the bull market begins.

“For people who have fiat and extra cash that they want to allocate to crypto, this is the perfect opportunity,” Hayes told Cointelegraph in an exclusive interview, referring to the current limited-scope market.

According to Hayes, inflationary monetary policy will play a major role in pushing Bitcoin (BTC) and the broader cryptocurrency market higher later this year.

“Major economies around the world will print significantly more money between now and the next 18 to 24 months,” Hayes predicted.

According to Hayes, the upcoming US presidential election will be a bullish catalyst for cryptocurrencies as it will encourage the country’s financial authorities to implement loose monetary policies to support President Joe Biden’s re-election.

In the past, periods of monetary expansion have boosted cryptocurrency markets.

“When you control the government’s wallet, it’s very easy to do this by printing money, borrowing it, and giving it out to people in various forms,” Hayes explained.

To learn more about Hayes’ investment thesis for cryptocurrencies in the second half of 2024, check out the full interview on Cointelegraph’s YouTube channel. Don’t forget to subscribe!

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