Published on mei 6, 2024, 4:44 pm
Image source: Fox News
```json { "TLDR": "BitMEX co-founder Arthur Hayes suggests now is an excellent time to accumulate cryptocurrency before macroeconomic factors fuel the next bull market surge. He predicts inflationary monetary policies globally will drive Bitcoin and the crypto market up. Hayes anticipates economies increasing money supply, potentially benefiting cryptocurrencies, especially with the upcoming US elections. Governments controlling spending can significantly impact economic outcomes." } ```
The co-founder of BitMEX suggests that the current phase of price consolidation presents an excellent opportunity to accumulate cryptocurrency before macroeconomic factors drive the next surge in the bull market.
According to Arthur Hayes, now is the perfect time for those with fiat and extra cash looking to allocate funds into crypto. He anticipates that inflationary monetary policies will be a key driver pushing Bitcoin (BTC) and the wider cryptocurrency market upwards later this year.
Hayes foresees that major economies worldwide will continue increasing money supply over the next 18 to 24 months, fueling the momentum. With the approaching United States presidential elections, he believes that authorities might ease monetary policies to support President Joe Biden’s re-election, potentially benefiting the cryptocurrency market.
Historically, periods of monetary expansion have spurred rallies in the crypto market. By controlling government spending through printing money and borrowing, authorities can influence economic outcomes significantly.
For a more in-depth understanding of Hayes’ investment perspective for the latter half of 2024, watch our exclusive interview on our YouTube channel – make sure to subscribe! This insight could be crucial for investors looking to navigate the evolving landscape of cryptocurrencies successfully.
Original article posted by Fox News
