Key Points
- BitMEX co-founder, Arthur Hayes, sees upcoming months as an excellent time to invest in crypto.
- Hayes believes inflationary monetary policies will drive the cryptocurrency market, including Bitcoin, upwards.
Arthur Hayes, co-founder of BitMEX, has suggested that the forthcoming months present a perfect opportunity to invest in cryptocurrencies before the next surge of the bull market.
He opines that individuals with spare cash and a desire to invest in crypto should seize this opportunity, particularly in the current rangebound market.
Role of Inflationary Monetary Policies
Hayes predicts that inflationary monetary policies will be the primary driver propelling Bitcoin (BTC) and the wider cryptocurrency market upwards in the later part of the year.
He anticipates that major economies worldwide will print more money in the next 18 to 24 months.
Impact of US Presidential Elections
Hayes also suggests that the upcoming US presidential elections will act as a bullish catalyst for crypto.
He believes that the country’s financial authorities will be motivated to implement looser monetary policies, possibly to support the re-election of President Joe Biden.
Historically, periods of monetary expansion have led to rallies in the crypto market.
Hayes explains that controlling the government’s purse makes it easy to print and borrow money, which can then be distributed to people in various forms.
For a more detailed discussion on Hayes’ investment thesis on crypto for the second half of 2024, refer to the full interview on the YouTube channel. Don’t forget to subscribe!
