BitMEX co-founder Arthur Hayes has shared a bullish message encouraging investors to consider long positions in Bitcoin and alternative cryptocurrencies in response to the policies of central banks. In a recent article, Hayes criticized the G7 central banks, referring to them as fools, and expressed his intention to continue investing in Bitcoin and altcoins like DOGE and SHIB.
Hayes highlighted the impact of recent macroeconomic developments on the crypto market, emphasizing the potential for a rally in risky assets like BTC as a result of a weakening dollar. He predicted that the FED would engage in interest rate cuts similar to those carried out by the ECB and the BOC, leading to a cycle of discounting among major central banks.
The article also discussed the potential effects of the FED’s upcoming meeting on June 12 on the price of BTC, suggesting that it could help determine the direction of the market. Hayes urged investors to consider Bitcoin and altcoins as viable investment options in light of the current economic landscape, emphasizing the importance of playing the long game in the crypto market.
In conclusion, Hayes emphasized the resilience of the crypto market in the face of economic challenges, stating, “Invest in Bitcoin and altcoins. We know how to play this game.” He encouraged investors to take advantage of the opportunities presented by the current market conditions, highlighting the potential for growth and innovation in the cryptocurrency space.
