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BitMEX co-founder Arthur Hayes believes the ongoing period of price consolidation in the cryptocurrency market presents an excellent chance to accumulate crypto before the next bull market phase. In an interview with Cointelegraph, Hayes emphasized that individuals with fiat and spare cash should consider investing in crypto during this stable period, as he expects inflationary monetary policies to soon propel Bitcoin and other cryptocurrencies to new heights.
Hayes foresees major economies worldwide increasing money supply significantly in the next 18 to 24 months. He believes this trend will fuel the next bullish run in the cryptocurrency market, particularly Bitcoin. Furthermore, Hayes predicts that the upcoming U.S. presidential elections will serve as a bullish catalyst, as financial authorities may ease monetary policies to bolster President Joe Biden’s re-election chances.
Historically, periods of monetary expansion have led to crypto rallies. Hayes notes that governments can easily print money, borrow, and distribute it in various forms, boosting the crypto market.
