According to BitMEX co-founder Arthur Hayes, the next few months will offer an ideal opportunity to accumulate crypto before the next leg up of the bull market kicks in.
“Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so,” Hayes told Cointelegraph in an exclusive interview, referring to the current rangebound market.
According to Hayes, inflationary monetary policies will play the main role in propelling Bitcoin (BTC) and the broader cryptocurrency market higher later this year.
“Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” Hayes predicted.
According to Hayes, the upcoming United States presidential elections will be a bullish catalyst for crypto, as the country’s financial authorities will be incentivized to implement looser monetary policies, possibly to support President Joe Biden’s reelection.
In the past, periods of monetary expansion have led to crypto market rallies.
“When you control the purse of the government, it’s very easy to do so by printing money, borrowing it, and handing it out to people in various forms,” Hayes explained.
To find out more about Hayes’ investment thesis on crypto for the second half of 2024, check out our full interview on Cointelegraph’s YouTube channel, don’t forget to subscribe!
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