Arthur Hayes, co-founder of BitMEX, believes that the coming months will present an excellent opportunity for investors to accumulate cryptocurrency before the next surge in the bull market. In an exclusive interview with Cointelegraph, Hayes highlighted the current rangebound market as the perfect time for those with extra cash to allocate it to crypto.
Hayes attributes the anticipated rise in Bitcoin (BTC) and the broader cryptocurrency market to inflationary monetary policies. He predicts that major economies worldwide will continue to print more money over the next 18 to 24 months. This, in turn, will serve as a catalyst for the crypto market to soar.
The upcoming United States presidential elections also factor into Hayes’ bullish outlook for crypto. He believes that the country’s financial authorities will be inclined to adopt looser monetary policies to support President Joe Biden’s reelection. Historically, periods of monetary expansion have resulted in crypto market rallies.
Hayes explains that when the government controls the financial resources, it becomes effortless to print money, borrow it, and distribute it to the public in various forms.
To delve deeper into Hayes’ investment thesis for the second half of 2024, you can watch the full interview on Cointelegraph’s YouTube channel. Don’t forget to subscribe for more insights!