Bitcoin Set to Surge as Central Banks Ease Monetary Policies, Says BitMEX Co-founder Arthur Hayes
The post Bitcoin Set to Surge as Central Banks Ease Monetary Policies, Says BitMEX Co-founder Arthur Hayes appeared on BitcoinEthereumNews.com.
Arthur Hayes, the renowned BitMEX co-founder, suggests that recent shifts in central bank policies could herald a new bullish phase for crypto assets. Both the Bank of Canada (BOC) and the European Central Bank (ECB) have recently taken steps to lower interest rates. Hayes’ analysis indicates that these actions point towards a global move towards looser monetary policies, potentially benefiting crypto markets as the Federal Reserve in the US is expected to follow suit. Could Central Banks’ Easing Policies Ignite a Crypto Bull Run? Central Banks Lower Interest Rates: Implications for Crypto Arthur Hayes, now the Chief Investment Officer of Maelstrom, a crypto investment fund, highlights significant monetary policy changes from the BOC and ECB that could propel cryptocurrencies into a new growth phase. Hayes notes, “The June central banking fireworks kicked off this week by the BOC and ECB rate cuts will catapult crypto out of the northern hemispheric summer doldrums.” Global Monetary Easing: A Boon for Risk Assets According to Hayes, these rate cuts suggest that central banks at the margin are beginning new easing cycles. This shift is seen as a precursor to a broader move towards looser monetary policies, which Hayes believes will benefit risk assets like cryptocurrencies. He expects the Federal Reserve in the US to eventually join this trend, amplifying the potential positive impact on the crypto markets. Hayes’ Investment Strategy Amid Changing Macro Landscape In light of these developments, Hayes is adjusting his investment strategy. He advocates for going long on Bitcoin and diversifying into altcoins, commonly referred to as “sh*tcoins” in the crypto community. Hayes states, “The macro landscape has changed vs. my baseline. Therefore, my strategy shall change as well.” Deploying Liquid Assets into High-Yield Opportunities For Hayes, the altered macroeconomic environment represents a time to deploy liquid crypto assets into…
Filed under: News - @ June 9, 2024 10:16 am