Former BitMEX CEO Arthur Hayes suggested that the bottom is approaching in Bitcoin (BTC) and shared his investment strategy.
In a blog post published on December 9, Hayes stated that as a result of the mass liquidations of Bitcoin positions, the positions, borrowing and deposit service providers, mining businesses and speculators claimed that it was transferred towards real investors. Explaining the reasons for the transfer, Hayes investment plan passed it on to his readers.
Selling pressures in the cryptocurrency market are usually from credit and deposit service providers and miners Hayes, who suggested that it was a new loan, said that it is very difficult to find new or open loans due to the credit crunch in the market.
On the other hand, almost all loans of mining companies was called back Hayes, who claims that his or her collaterals were liquidated and closed, said that the leverage in the market to build a new rally suggested that it was approaching adequate levels.
in bitcoin $15,900 Stating that it is not certain whether the levels are bottom or not, but the prices in Bitcoin, as in the whole financial sector, move cyclically, Hayes stated that he thinks the current financial structure is preparing for a new rise. Hayes on the market hedge for the purpose and low leverage He claimed that there are almost no leveraged actors, except for investors who use leverage.
Hayes, on the other hand, has an annual investment plan. US Treasury Bonds of returns most less than 4 times He stated that he will invest in well-founded cryptocurrencies that can bring as much return as possible. Investors while browsing projects to real income and that they should be careful that they can get their money back were among Hayes’ warnings.
Hayes in his portfolio Bitcoin and Ethereum However, these assets have gained value much more slowly than side assets, so they are in the portfolio. to a small percentage stated that they have