Arthur Hayes: Summer presents an ideal chance to invest in cryptocurrencies

BitMEX co-founder Arthur Hayes believes that the next few months present an excellent opportunity to accumulate cryptocurrency before the bull market takes off. Hayes stated in an exclusive interview with Cointelegraph that individuals with fiat and extra cash should consider allocating it to crypto during this period of rangebound market conditions. He anticipates that inflationary monetary policies will be the driving force behind the rise of Bitcoin (BTC) and the broader cryptocurrency market later this year. Hayes predicts that major economies worldwide will continue to print more money over the next 18 to 24 months. He also suggests that the upcoming United States presidential elections will serve as a catalyst for crypto, as financial authorities may implement looser monetary policies to support President Joe Biden’s reelection campaign. Historically, periods of monetary expansion have resulted in rallies in the crypto market. Hayes explained that when the government controls the purse, it can easily print money, borrow it, and distribute it in various forms. For more insights into Hayes’ investment thesis on crypto for the second half of 2024, watch the full interview on Cointelegraph’s YouTube channel and remember to subscribe.