Arthur Hayes, the co-founder of BitMEX, now the CIO of the crypto investment fund Maelstrom, believes that a shift in policy from central banks is set to propel crypto assets into a new bullish phase. He points out that both the Bank of Canada (BOC) and the European Central Bank (ECB) have recently decided to lower interest rates. Hayes sees this as a signal of a global trend towards looser monetary policy, which could lead to increased investment in risk assets, including cryptocurrencies, once the Federal Reserve in the US follows suit.
Hayes predicts that the recent rate cuts by the BOC and ECB will shake up the crypto market, pulling it out of the traditional summer lull. He had initially expected such developments to occur later in August, around the time of the Fed’s annual Jackson Hole symposium, where major policy changes are often announced. However, he now sees a clear trend indicating that central banks are beginning to embrace easing cycles, which could have a positive impact on the crypto market.
In response to these changes in monetary policy, Hayes suggests a shift in investment strategy towards Bitcoin and other cryptocurrencies. He encourages investors to take advantage of the shifting landscape and consider launching new projects or investing in promising tokens. Hayes also mentions his intention to allocate his excess crypto synthetic-dollar cash to high yield shitcoins, indicating his confidence in the upcoming resurgence of the crypto bull market.
To stay updated on the latest developments in the crypto market, readers are encouraged to subscribe to email alerts from Maelstrom. They can also follow the company on various social media platforms such as X, Facebook, and Telegram. As the market gears up for a potential bull run fueled by central bank policies, it is essential for investors to stay informed and ready to capitalize on the opportunities presented by this changing landscape.
Discussion about this post