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While most crypto markets continue to move up and down, Arthur Hayes, co-founder of BitMex, assures us that another bull run is on the way. Based on macroeconomic factors and predictions about the impact of the US presidential election on the markets, the expert reveals that the ideal time to accumulate cryptocurrencies is now. Details below.
“The perfect time to accumulate crypto is now,” says Hayes
Since the last BTC halving, most cryptocurrencies continue to move up and down. While some investors firmly believe in an imminent bitcoin recovery, others remain hesitant. So when is the right time to invest in cryptocurrencies this year?
That’s the question cryptocurrency expert Arthur Hayes, co-founder of BitMex, answered in a recent interview. In his speech, Arthur Hayes addressed all “people who have extra currency and liquidity and want to allocate it to cryptocurrencies”. For him, now is the best time to accumulate cryptocurrencies. The expert then lists the key factors that he believes could trigger the next bull phase of the market.
Factors that will trigger the next rise of cryptocurrencies
The BitMex co-founder noted that several macroeconomic factors will trigger the upcoming price hike. In this case, he is referring to America’s policy of monetary expansion, which has historically caused a surge in crypto markets. According to the expert, “major world economies will print even more money over the next 18 to 24 months, for example.”
Arthur Hayes believes that the upcoming US presidential election will serve as a catalyst for the financial market. According to him, financial authorities will tend to loosen monetary policy to support the re-election of President Joe Biden.
They believe they might have an incentive to “print money, borrow it, and give it to people in various forms” because they control the government’s finances. Much of this money could end up in the form of cryptocurrencies for speculation.
So if the crypto market is currently moving up and down, the next bullish phase should start in the coming months, in the summer to be precise. Arthur Hayes argues that now, during a period of price consolidation, is the time to accumulate cryptocurrencies.
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A graduate of Sciences Po Toulouse and holder of a blockchain advisor certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. Every day I try to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations and put into perspective the economic and social problems of this ongoing revolution.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
