While most crypto markets continue to move up and down, Arthur Hayes, co-founder of BitMex, assures us that the next bull run is imminent. Based on macroeconomic factors and predictions about the impact of the US presidential elections on the markets, the expert reveals that the ideal time to accumulate crypto is now. Details below.
“The perfect time to accumulate crypto is now,” says Hayes
Since the last BTC halving, most cryptos continue to move up and down. While some investors strongly believe in an imminent bitcoin recovery, others continue to be hesitant. So when is the right time to invest in cryptos this year?
This is the question that crypto expert Arthur Hayes, co-founder of BitMex, answered during 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, the best time to accumulate cryptos is now. The expert then lists the key factors that he believes could trigger the next bullish phase of the market.
The factors that will trigger the next rise in cryptos
The BitMex co-founder noted that several macroeconomic factors will trigger an upcoming price increase. In this case, he is referring to American monetary expansion policies which have historically caused increases in crypto markets. According to the expert, “the world's major economies are going to print even more money within, say, the next 18 to 24 months.”
Arthur Hayes believes the upcoming US presidential elections will serve as a catalyst for the financial market. For him, the financial authorities will tend to relax monetary policies in order to favor the re-election of President Joe Biden.
He believes they might have an incentive to “print money, borrow it and distribute it to people in various forms” because they control the government's finances. A good part of this money could end up in the form of cryptos for speculation.
So, if the crypto market is currently moving up and down, the next bullish phase should start in the coming months, more precisely in summer. Arthur Hayes maintains that now, during the period of price consolidation, is the time to accumulate cryptos.
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