Arthur Hayes, Chief Investment Officer at Maelstrom and Co-Founder and former CEO of bitmex bitmex [email protected] Centralised Exchange a popular crypto exchange, has shared his insights on the future of Bitcoin and the broader crypto market. In his latest analysis published in Crypto Trader Digest arthur hayes arthur hayes
Arthur Hayes is an American investor, business visionary, subsidiary merchant, Bitcoin advocate, and a fintech pioneer. He was the co-founder, and CEO of BitMEX alongside Ben Delo, and Samuel Reed. BitMEX was established in 2014, the parent organization is HDR Global Trading. He is the previous CEO of BitMEX and parent organization 100x Group. BitMEX is an advanced resource exchanging stage that has exchanged trillions of dollars on the cryptographic money trade. BitMex is situated in Seychelles. He is situated in Hong Kong. In October 2020, He ventured down as CEO of BitMEX.
BitMEX is the first crypto trade to be charged under the bank security act. The regulations expect that exchanges that are more than $10,000 should be accounted for. It is known as Know Your Customer (KYC) information. He ventured down from BitMex in October 2020. Alexander Hoptner supplanted Hayes as CEO of BitMEX. He moved to Hong Kong in 2008, to begin his speculation banking profession. He worked for Deutsche Bank, as a value subordinates broker, and for Citigroup for a long time. He functioned as the head ETF market producer for the two firms.
In 2011, He left Deutsche Bank and started working for Delta 1 broker for Citibank in Hong Kong. His interest in Bitcoin began in 2013, after perusing the Satoshi Nakamoto’s white papers. He is the most youthful African American crypto tycoon ever. EntrepreneurInvestorChief Executive OfficerTrader outlines how U.S. Treasury actions could propel Bitcoin to new heights and spark a major bull run in 2025. Here is a breakdown of his key points.
Bitcoin to Benefit from Treasury Liquidity
According to Hayes, the U.S. Treasury’s issuance of T-bills plays a crucial role in the movement of Bitcoin. When the Treasury issues more T-bills, it increases liquidity in the market by releasing money from the Federal Reserve’s balance sheet into the economy. Hayes emphasizes that as more liquidity enters the market, finite assets like Bitcoin are likely to see significant gains.
Altcoin Market to Follow Bitcoin’s Lead
Hayes believes that the altcoin market will only see substantial gains after Bitcoin and Ethereum break through key price levels – $70,000 for Bitcoin and $4,000 for Ethereum. Until these levels are reached, altcoins are expected to underperform.
Hayes’ Trading Strategy for 2024
Hayes plans to increase his crypto holdings during periods of market weakness, especially as the U.S. election approaches in November 2024. He expects a strong rally in the crypto market leading up to the election and suggests taking profits during this time. However, he advises waiting until after the U.S. debt ceiling issue is resolved before making major investment decisions.
Hayes’ Optimism for a 2025 Crypto Bull Market
Looking ahead to 2025, Hayes is optimistic about a major bull market fueled by U.S. and Chinese fiscal stimulus. He predicts that Bitcoin could reach $1 million during this period.
In conclusion, Arthur Hayes’ analysis highlights the potential for substantial gains in the crypto market, particularly for Bitcoin and Ethereum, as global liquidity increases. With his strategic insights, Hayes offers a roadmap for navigating the crypto landscape leading up to 2025. Crypto investors may want to pay close attention to the actions of the U.S. Treasury and the outcome of the U.S. election as they plan their next moves.
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