Arthur Hayes, co-founder of BitMEX, believes that cryptocurrencies are poised for a gradual upward trend.
US Monetary Policy Boost
Hayes attributes this to the “stealth money printing policies” of the US Treasury and Federal Reserve. He says that the gradual injection of liquidity into the economy will support crypto prices.
Buying Opportunities
Hayes sees the recent dip in crypto prices as a buying opportunity. He recommends investing in Solana and memecoins for short-term trades, and Pendle and other “on sale” tokens for long-term positions.
Bitcoin Forecast
For Bitcoin, Hayes predicts a rally above $60,000, followed by a range-bound period between $60,000 and $70,000 until August.
