In order to accumulate cryptocurrency before the next leg up of the bull market begins, BitMEX co-founder Arthur Hayes believes that the upcoming months will present an excellent chance.“This is the perfect opportunity to do so for those who have fiat and extra cash that want to allocate to crypto,” Hayes said in an exclusive interview with Cointelegraph, alluding to the present rangebound market.
Hayes predicts that later this year, inflationary monetary policies will be the primary driver of the price increase of Bitcoin and the cryptocurrency industry as a whole.
“Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” Hayes predicted.
As the nation’s financial authorities are motivated to enact looser monetary policies—possibly in order to promote President Joe Biden’s reelection—Hayes predicts that the impending US presidential elections will be a bullish stimulus for cryptocurrency.Crypto market rallies have historically occurred during times of monetary expansion.
“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.