BitMEX co-founder Arthur Hayes, one of the leading names in the cryptocurrency world, shared his latest evaluations about the market.
Hayes stated that US monetary policy offers a promising perspective for crypto assets. In his newly published article, Hayes expressed his concerns about the “secret money printing policies” of the US Treasury and the Federal Reserve. According to him, slowly injecting billions of dollars of liquidity into the market every month can reduce negative price movements of crypto assets.
However, Hayes does not expect cryptocurrencies to fully grasp the inflationary nature of recent US monetary announcements right away. However, he states that he expects the prices to fall to the bottom levels, break and slowly start to recover.
Emphasizing that the recent declines in crypto asset prices offer an excellent opportunity to accumulate savings, Hayes encourages investors to take advantage of this period and build their positions to achieve long-term gains.
“I buy Solana and dog foundation coins (meme coins) for momentum trading positions. I am increasing my investments in Pendle for longer term sh*tcoin positions and will identify other tokens ‘on sale’. I will use the rest of May to increase my investment. “And then it will be time to set it, forget it, and wait for the market to appreciate the inflationary nature of the latest US monetary policy announcements.”
The founder of BitMEX is an advisor and investor in Pendle (PENDLE), a decentralized finance crypto project that allows users to tokenize and sell future returns.
In addition, Hayes says the following in his prediction for the leading digital currency Bitcoin (BTC) between now and August:
“A rise above $60,000 followed by limited price movement between $60,000 and $70,000 by August.”
However, Hayes’ claims should not be treated as absolute fact and careful analysis should be made when making investment decisions. Considering the volatility and risks of crypto assets, it is important for everyone to act according to their own risk tolerance.
Bitcoin is trading at $63,115 at the time of writing.
You can access current market movements here.
