Arthur Hayes Bets On Crypto Surge In H1 2023
• Arthur Hayes, the ex-BitMEX CEO, recently announced his plans to invest in Bitcoin (BTC), Ether (ETH) and altcoins.
• He believes that the good times will last for crypto until mid-year 2023 due to macroeconomic conditions stemming from the U.S. Federal Reserve.
• Hayes compared the risk asset environment to 2009 when quantitative easing began and expects some liquidity return in H1 this year.
Arthur Hayes Bets on Crypto Surge
Arthur Hayes, the ex-CEO of BitMEX, recently announced his plan to invest in Bitcoin (BTC), Ether (ETH) and other altcoins in hopes of a surge by mid-year 2023. The current macroeconomic conditions stemming from the U.S. Federal Reserve have made him more optimistic about investing in what he calls “risky assets”.
Risk Asset Environment Compared To 2009
Hayes compared the current risk asset environment to 2009 when quantitative easing began and expects some liquidity return in H1 this year due to efforts from the Fed, Congress and Treasury Department. He elaborated that if inflation slows as expected with rate hikes, multiple storms could brew in the US which requires careful steering by these institutions before a debt ceiling is hit by summertime.
Hopes Of Good Times For Crypto Until Mid-2023
Despite 40% gains for Bitcoin already seen during January 2021 alone, Hayes believes that there is much more potential upside ahead for crypto before mid-2023. He expressed regret over not investing earlier but has expressed hope that a rebound can still be seen off of local lows reminiscent of early days of quantitative easing back in 2009.
Deployment Of BTC Over Coming Days
In order to capitalize on these potential gains until mid-year 2023, Hayes has announced a deployment of BTC over the coming days with an aim to further strengthen his portfolio amidst market uncertainty. He further urged investors to exercise caution while also considering allocations into other risky assets such as stocks and commodities which are also rebounding off their lows as confidence returns into global markets..
Conclusion
Overall, it appears that Arthur Hayes is betting on a strong performance for crypto through at least H1 2023 based on prevailing macroeconomic conditions around U.S monetary policy combined with growing investor confidence post January 2021’s market carnage seen across traditional markets like stocks and commodities alike .
