Arthur Hayes Wouldn't Invest $1 In Bitcoin Right Now
BitMEX co-founder Arthur Hayes stated he would wait for the US Federal Reserve to ease monetary policy before investing in Bitcoin.Summary
BitMEX co-founder Arthur Hayes, despite previously projecting Bitcoin to reach $250,000 this year, currently advises against investing in BTC, stating he would wait until the US Federal Reserve loosens its monetary policy. Hayes believes that the longer geopolitical conflicts continue, the higher the likelihood the Fed will print money to support the "American war machine," and it is this money printing, not war itself, that is good for Bitcoin. He indicated he would start buying when central banks begin easing policy. Hayes is uncertain if Bitcoin has hit its bottom, warning that ongoing tensions could cause a massive sell-off in equities and Bitcoin, potentially pushing BTC below $60,000 due to cascading liquidations. However, he still anticipates that there won't be many more years when Bitcoin trades below $100,000.
(Source：Cointelegraph)