Former BitMEX co-founder Arthur Hayes believes that central banks’ recent policy shifts will send cryptocurrencies soaring.
Interest Rate Cuts
The Bank of Canada and the European Central Bank have both lowered interest rates, signaling a potential global shift towards looser monetary policy. Hayes suggests that this could lead to a surge in risk assets, including Bitcoin and altcoins.
Time to Buy
Hayes recommends “going long Bitcoin and subsequently sh*tcoins” in light of the changing macroeconomic landscape. He believes that the crypto bull market is reawakening and will punish central bankers for their excessive money printing.
Cautions
Hayes advises investors to conduct thorough research before investing in high-risk assets like Bitcoin and cryptocurrencies. He also emphasizes that the opinions expressed in his essay are not investment advice.
