- BitMEX co-founder Arthur Hayes believes that US monetary policy will benefit crypto assets in the future.
- Hayes suggests that the “stealth money printing policies” of the U.S. Treasury and the Federal Reserve will dampen negative price movement for crypto assets.
- Hayes is currently buying Solana and memecoins for momentum trading positions and increasing his allocations in Pendle for longer-term positions.
BitMEX co-founder Arthur Hayes predicts a positive impact on crypto assets due to US monetary policy, suggesting a slow grind higher for prices. Hayes is also increasing his crypto investments.
US Monetary Policy to Benefit Crypto Assets
Arthur Hayes, co-founder of BitMEX, has stated in a recent essay that the ongoing “stealth money printing policies” of the U.S. Treasury and the Federal Reserve are likely to benefit crypto assets. He believes that the slow addition of billions of dollars of liquidity each month will dampen negative price movement for these assets.
Hayes’ Investment Strategy Amid Crypto Price Fall
Despite the recent fall in crypto asset prices, Hayes sees this as an excellent opportunity to accumulate. He is currently buying Solana and memecoins for momentum trading positions. For his longer-term positions, he is increasing his allocations in Pendle and is on the lookout for other tokens that are ‘on sale’. Hayes plans to use the rest of May to increase his exposure, and then wait for the market to appreciate the inflationary nature of the recent US monetary policy announcements.
Bitcoin Forecast and Investment in Pendle
Hayes, who is an advisor and investor in Pendle (PENDLE), a decentralized finance crypto project that allows users to tokenize and sell future yields, has also made a forecast for Bitcoin (BTC). He predicts a rally to above $60,000 and then range-bound price action between $60,000 and $70,000 until August. At the time of writing, Bitcoin is trading at $62,726.
Conclusion
Hayes’ predictions and investment strategies highlight the potential of crypto assets in the face of US monetary policies. While the immediate realization of the inflationary nature of these policies may not be evident, Hayes believes that a slow grind higher for crypto prices is on the horizon. His current investment strategies reflect this belief, as he increases his exposure to various crypto assets.
