The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
According to BitMEX co-founder Arthur Hayes, the next few months will offer an ideal opportunity to accumulate crypto before the next leg up of the bull market kicks in. “Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so,” Hayes told Cointelegraph in an exclusive interview, referring to the current rangebound market.“Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” Hayes predicted.
According to Hayes, the upcoming United States presidential elections will be a bullish catalyst for crypto, as the country’s financial authorities are incentivized to implement looser monetary policies, possibly to support President Joe Biden’s re-election.“When you control the purse of the government, it’s very easy to do so by printing money, borrowing it, and handing it out to people in various forms,” Hayes explained.
To find out more about Hayes’ investment thesis on crypto for the second half of 2024, check out our full interview on our YouTube channel, don’t forget to subscribe!Back to extreme greed past $65K? 5 things to know in Bitcoin this weekBitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
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