BitMEX co-founder, Arthur Hayes, has shared a rather bold prediction of what the immediate future might be holding for Bitcoin. According to the industry expert, the next few months will provide the perfect opportunity for any reasonable investor to increase their crypto holdings just before the next bull run sets in. He said in a part statement:
There's no Call To Action with the ID #3.“Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so.”
Arthur Hayes Urges Investors to Stack up on Bitcoin
Hayes shared his optimism for the cryptocurrency market during a recent interview with Cointelegraph. He claimed that inflationary monetary policies will be the major catalyst for Bitcoin (BTC), even as the broader market also surges significantly later in the year.
His prediction borders on his belief that major economies around the world will print more money over the next 18 to 24 months.
Other than monetary policies, Hayes also cited the upcoming general elections in the United States as another driver of the predicted rally. That is as financial authorities work tirelessly to implement looser monetary policies in hopes of supporting President Joe Biden’s second-term bid and reelection.
Interestingly, historical data also suggests that periods of monetary expansion usually come with crypto market rallies.
There's no Call To Action with the ID #3.With a career marked by astute market insights, Hayes has once again stepped into the spotlight, forecasting a surge in Bitcoin’s value as the warmer months approach.
While Hayes is highly reputed for anticipating market trends, the belief that the summer presents a perfect opportunity for investors to dive into the world of cryptocurrency appears a bit farfetched. That is especially true considering the recent fluctuations in the market. Arthur Hayes Bitcoin prediction also comes at a time when its price has fallen off new all-time highs that it attained in March. However, the price has remained rangebound eversince, hovering around the $63,000 mark.
Nonetheless, however, he holds firm to his prediction of Bitcoin’s trajectory and has urged investors to begin accumulating crypto immediately.
