Arthur Hayesa cryptocurrency millionaire and co-founder of cryptocurrency exchange BitMEX, encouraged cryptocurrency investors to… Go long on Bitcoin And other promising alternative currencies in the market. He encouraged investors to prepare for the imminent rise of Bitcoin this season.
Arthur Hayes: Buy Bitcoin and Altcoins
at recent days Blog post Under the headline “A Pack of Fools,” Hayes acknowledged Bitcoin’s prospects, highlighting that the crypto bull trend has finally reawakened with Bitcoin potentially being one of the most profitable cryptocurrencies this year. Taurus cycle.
The BitMEX co-founder linked the efforts central bank For the performance of the cryptocurrency market, indicating that actions taken by the US central bank could help push the cryptocurrency market back to its former glory days, as the market recovers from the slump of the previous summer.
Hayes also revealed initial expectations for major policy changes in August 2024 during the Fed's term Jackson Hole Symposium. However, he has currently noticed a decline in monetary policy and, as a result, has encouraged investors Go long on Bitcoin And other alternative currencies in the market.
In addition, the BitMEX co-founder recommended the introduction of new tokens and the deployment of liquid crypto assets, expressing his strong conviction in shitcoins. “The crypto bull is waking up again and is about to rip the skin off profligate central bankers,” he announced in his blog post.
Moreover, Hayes believes that the next Group Seven (G7) countries. The meeting will be important. He revealed that the financial market is more interested in the possibility of the Federal Reserve and Bank of Japan (BOJ) Cooperation to strengthen the Chinese (yuan). He also highlighted in his publication that the dollar-yen exchange rate was one of the most important macroeconomic indicators.
The BitMEX co-founder noted that the financial market is also interested in the possibility of lowering interest rates among the G7 countries, with the exception of the Bank of Japan. He expressed his reservations about Afaq Interest rate cuts by the Federal Reserve Close US presidential elections Scheduled for November 2024, citing the political and economic ramifications of this move.
Hayes predicted that the Federal Reserve and the Bank of Japan would not do so Price changes At their meetings in June. However, he is still optimistic about Bank of England (BOE)Which suggests that the Bank of England may follow the lead of the Bank of Canada (BOC) and the European Central Bank (ECB) in cutting interest rates.
Bitcoin is on track to reach all-time highs
Sharing similar sentiments as Hayes about continuing to buy Bitcoina cryptocurrency analyst known as “Jelle,” on X (formerly Twitter) made a bullish move prediction About Bitcoin.
According to Gilley, Bitcoin is less than 4% away from rising to a new high Highest level ever. The cryptocurrency saw a surge to a new all-time high earlier in March, surpassing $73,000 and surpassing its previous all-time high of over $69,000 in 2021.
My generation has stated that The Bitcoin market is poised to expand Coming soon, to highlight the strong price fundamentals of the cryptocurrency. Likewise, Michael van de Poppe, a prominent cryptocurrency analyst, also expressed bullish sentiments about Bitcoin, Reveal The cryptocurrency is “very poised” to break out to a new all-time high.
Featured image from Pexels, chart from TradingView